¶¶Òõ¶ÌÊÓƵ

Board Meeting Minutes For Allotment Of Shares are essential corporate records required under Irish company law to document the formal approval and issuance of company shares. These minutes must be prepared whenever a company's board of directors approves a share allotment, whether for new investors, employee share schemes, or additional investment by existing shareholders. The document must comply with the Companies Act 2014 and the company's constitution, including specific details about the share allotment decision, such as the number and class of shares, consideration received, and allottee information. These minutes form part of the company's statutory records and may be required for filing with the Companies Registration Office (CRO) or for future due diligence exercises.

1. Meeting Details: Date, time, location of meeting, and details of attendees and method of attendance (in person/virtual)

2. Chairperson: Recording who was appointed as chairperson of the meeting

3. Quorum: Confirmation that a quorum was present as per the company's constitution

4. Notice and Purpose: Confirmation that proper notice was given or waived, and stating the purpose of the meeting

5. Declaration of Interests: Directors' declarations of any interests in the proposed share allotment

6. Review of Authority: Confirmation of the company's authority to allot shares under the constitution and Companies Act

7. Consideration of Application: Details of the share application(s) received and consideration of their terms

8. Resolution for Allotment: The formal resolution approving the allotment of shares

9. Payment Confirmation: Confirmation of receipt or arrangements for payment for the shares

10. Issue of Share Certificates: Resolution to issue share certificates to the allottees

11. Filing Requirements: Instructions to file necessary returns with the Companies Registration Office

12. Close: Time of meeting conclusion and signature of chairperson