Questions tagged [incorporation]

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Share option pool in UK template of articles of association

This is a hypothetical situation. Suppose person A wants to incorporate a company in the UK, hold all shares, and include the option to issue shares to other people, such as "late co-founder" B or ...
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Who approves the creation of new shares in a Proprietary Limited Company?

I'm struggling to find a concrete answer for this. Who approves the creation of new shares in a Proprietary Limited Company? Is it the Board of Directors (through board resolution), or Shareholders (...