How do I issue new shares to an investor?
New shares are allotted to the investor rather than transferred by a founder. Check allotment approval under sections 75–76 and applicable pre-emption rights under section 85, subject to the constitution. Document the subscription and consideration, then lodge the return of allotment within fourteen days and update the statutory records.
Sources: Companies Act 2016 ss.75–78, 85
Also asked as: share allotment procedure; issue shares to investor; terbit saham baru; allotment return ssm.
For funding rounds, the resolutions, constitution and subscription documents should match the share class, price and rights agreed. Non-cash consideration needs appropriate documentation; do not describe an unpaid subscription as paid-up capital.
Key facts
- Sections 75–76: allotment approval
- Section 85: pre-emption, subject to constitution
- Section 78: return within fourteen days
Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.