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Authorise Shares

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Share Type

The share type list contains all share types associated with the company.

Transaction Date

The date of the transaction. Dates can either be entered manually or selected from the pop-up calendar by clicking on the calendar icon. Dates must be entered in the format DD/MM/YYYY, for example, 01/01/2000.

When entering dates manually, a date guessing routine speeds up the input by taking the user input and assuming the missing month and or year based on the current date as the user leaves the field i.e.

the date today is 30th October 2009

Amount to Authorise

The number of shares to be authorised. Shares must be authorised by the Board of directors before the shares they can be issued. Not all authorised shares must be issued. Indeed it is usual for authorised un-issued shares to exist.