Adopt new articles of association/ create new share class(es)
This guide explains how to adopt new articles of association and/or create new share classes (including obtaining authority to issue) using Kudocs.
For a company to create a new share class, this has to be permitted in the articles – hence why you may need to adopt new articles in order to create a new share class.
The action is available via:
- All actions – via the “Adopt new articles of association” or “Create new share class” actions.
- Shares & Shareholders – via the “Create new share class” action.
You can use either the Perform or Record route.
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Perform route
Select this route and Kudocs will help you complete all the necessary steps for this action.
Record route
Select this route if the decision has already been approved by the company & the appointment needs to be recorded (update Kudocs & notify Companies House).
Step 4
Press {Record}
Outputs - all handled automatically by Kudocs
- Emails sent to shareholders (for perform route) asking them to vote on the resolution.
- E-votes automatically counted.
- Once approved (or via record route):
- New articles added to Kudocs records
- New share class(es) created – if selected
- New settings applied
- Full audit history created in Kudocs
- Guidance provided on what Companies House filings are necessary (unfortunately these still need to be done by paper) –