Back to top
Share Certificate Fill out the template

Share Certificate

Last revision
Last revision 03/12/2018
Formats
Formats Word and PDF
Size
Size 1 page
Fill out the template

About the template

Last revision: 03/12/2018

Size: 1 page

Available formats: Word and PDF

Fill out the template

Share Certificate

A Share Certificate is a written document signed on behalf of a company that serves as a legal proof of ownership of shares in the company.

This document includes the name of the company and registration number of the company whose shares is being issued, the certificate number, the particulars of the holder(s) of the shares, the class(es) of shares being issued, date of issue, the amount paid on each share etc.

This document can only be used by the following type of companies:

  • Private Company Limited by Shares. This is the most common type of company. The liability of the members is limited by the shares the shareholders hold in the company which remains unpaid. What this means is that in the event of winding up, the members are only liable to pay such amount of unpaid shares (if any). The membership of the company is between 2-50 members. That is the members of this company must not exceed 50. The articles of association of this company must restrict the transfer of shares of the members of the company. Also, this type of company does not offer its shares to the members of the public. The name of the company must end with "Limited".
  • Public Company Limited by Shares. This is similar to the private company limited by shares but it can invite the members of the public to subscribe to its shares (that may be listed on the Nigerian Stock Exchange). There is no limit to the membership of the company. The name of the company must end with "PLC".
  • Unlimited Liability Companies. An unlimited liability company is a company that has no restriction on the responsibility of the members of the company. Consequently, members of an unlimited liability company will be held responsible for all the debts of the company until the debts are fully paid and there is no extent of liability. The name of the company must end with "Unlimited".

Note that this document can not be used by a company limited by guarantee as the company does not have shares.

How to use this document

This document is used when a company issues new shares, when shares have been transferred to another or a share certificate previously issued is lost or defaced. The law provides that share certificate must be issued within 2 months after new shares have been allotted or within 3 months after shares have been transferred to another.

After filling this form, the document must be printed on a thick paper (the papers usually used for printing certificates), the common seal of the company must be affixed on the document and one director and one secretary of the company must sign this document. The certificate must be issued to the named holder of the shares. The company may keep a soft or hard copy of this document for record purposes.

Note that the company must also enter the shareholder(s) name(s) in the register of members of the company.


Applicable law

The Companies and Allied Matters Act is applicable to this document.


How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.

Fill out the template

How does it work?

1. Choose this template

Start by clicking on "Fill out the template"

1 / Choose this template

2. Complete the document

Answer a few questions and your document is created automatically.

2 / Complete the document

3. Save - Print

Your document is ready! You will receive it in Word and PDF formats. You will be able to modify it.

3 / Save - Print