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English Ltd. directors authority (1 viewing) (1) Guests
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TOPIC: English Ltd. directors authority
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jeffrob (User)
Fresh Boarder
Posts: 1
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English Ltd. directors authority 1 Year, 11 Months ago
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Hey guys,
I have a really specific question regarding an english Ltd.In its articles it is stated that the share capital is 10.000shares for 10.000pounds[ergo 1share per 1 pound] however only 150 were issued to the shareholders. My question is, is it in the sole discretion of the directors to issue the remaining shares? or to put it differently, does the "share capital" in the articles mean that it is already authorised by the shareholders? thank you.
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