Share Allotment
Allot shares in your company
The allotment of shares of a company registered in Zimbabwe is a legal process that must be carried out in accordance with the Companies and Other Business Entities Act (Chapter 24:31).
Putting together the correct documents when alloting shares is often overlooked, putting companies at risk of non-compliance.
If you are considering doing a share allotment, it is important to seek professional advice.
Company Formations provides a professional service for clients who want to allot shares, including filing the Companies Registry forms and any other paperwork required to keep your company records current and your company legally compliant.
What’s included in our price
- Company file search
- Minutes: Minutes of the meeting approving the share allotment.
- Resolution: A resolution by the directors approving the share allotment.
- Preparation and filing of the “Return of Allotment” form at the Companies Registry.
- Companies Registry fees
How it works
- Order by calling, texting, WhatsApp or emailing us.
- Provide the company information (company name and/or number) and the share allotment information.
- We will prepare and file the required form(s) with the Companies Registry to allot shares.
- You will receive updated forms (return copies) that confirm the share allotment has been approved at the Companies Registry.
Please note:
- All Companies Registry Annual Returns and Declaration of Annual General Meeting filings should be up to date for the director appointment or resignation to be accepted by the Companies Registry.
Dedicated Company Secretary Service
A qualified company secretary to look after your company plus director changes are FREE with our Full Company Secretary Service (as one of your 3 company changes per year).
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Frequently asked questions
What is a share allotment?
In Zimbabwe, a share allotment is the process of issuing shares to new or existing shareholders.
What information do I need to provide when alloting shares?
- Company name/number
- Number and class of shares in the company
- Number of shares being allotted
- Total number of shares allotted (including
those previously allotted) - Names and addresses of the allottees
It is usually easier and more convinient to provide copies of the company documents.
What documents will I receive?
You will receive a return copy of the “Return of Allotment” and any other supporting documents.
How long will it take for my documents to be ready?
It will take 3-5 working days if we are provided with all the information.
What is an annual return and declaration of AGM that should be up to date for the filings to be accepted at the Companies Registry?
An annual return is a document that is filed with the Companies Registry to confirm the details of a company and a declaration of AGM is a document that is filed with the Companies Registry that confirms that a Private Limited Company has held it’s mandatory annual general meeting as instructed by the Companies and Other Business Entities Act (Chapter 24:31).
These two filings are yearly mandatory filings by all Private Limited Companies registered in Zimbabwe. Failure to file, any amendment, changes or update to your company details will be rejected by the Companies Registry until they are updated.
Can I use this service if I did not register a company with Company Formations?
Absolutely yes. This service is available to any Zimbabwean registered company.
Company Formations has the most simple procedure for company registration in Zimbabwe. I was able to register my company from Kwekwe.
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