How do you determine the number of authorized shares?

Locate the stockholders' equity section, which is toward the bottom of the balance sheet. There should be a "common stock" section, which can tell you the number of issued shares as well as the number of authorized shares.

How do you increase par value of shares?

You can help keep your company private by reducing the number of stock shares available for purchase. A reverse split raises your stock's par value and reduces the number of shares at the same time. The reverse split doesn't change the value of the retained earnings, paid-in capital or cash accounts.

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Proposal to amend restated certificate of incorporation regarding...

Suffolk New York Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock

Name: Suffolk New York Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock
Brand: US Legal Forms
Rating: 4.65 (310 reviews)

Category:

Corporations - Public - Changes Affecting Capital Stock

State:

Multi-State

County:

Suffolk

Control #:

US-CC-3-103I

Format:

Instant download

Description

This form is a document signifying approval of a proposal to file a restated certificate of incorporation in order to increase the authorized number of share of common stock for the corporation. Certificate of Incorporation to Increase the Authorized of Number of share of Common Stock

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How to fill out Suffolk New York Proposal To Amend Restated Certificate Of Incorporation Regarding Increasing Authorized Number Of Shares Of Common Stock?

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Amended means changed, i.e., that someone has revised the document. Restated means presented in its entirety, i.e., as a single, complete document. Accordingly, amended and restated means a complete document into which one or more changes have been incorporated.

A company may refrain from issuing all of its authorized shares to maintain a controlling interest in the company and therefore prevent a hostile takeover. The number of authorized shares can be changed by shareholder vote.

The number of authorized shares is typically higher than those actually issued, which allows the company to offer and sell more shares in the future if it needs to raise additional funds.

Restated Charter means the amended and restated certificate or articles of incorporation of the Company, as in effect at the time of determination, including any certificates of designation or articles of amendment.

A stock's par value is its stated value, not its actual value. When a stock sells, it will be issued at its actual value and not the stated par value. The most common reason for a change in par value is a stock split. During a split, the total par value will actually remain unchanged.

Locate the stockholders' equity section, which is toward the bottom of the balance sheet. There should be a "common stock" section, which can tell you the number of issued shares as well as the number of authorized shares.

An Amended and Restated Certificate of Incorporation is a legal document filed with the Secretary of State that restates, integrates, and adjusts the startup's initial Articles of Incorporation (i.e. the company's Charter).

The number of authorized shares can be increased by the shareholders of the company at annual shareholder meetings, provided a majority of the current shareholders vote for the change.

Typically, you can't just make an amendment saying you now have a new par value. Instead, the most common way that corporations change their par value is with a stock split (or reverse stock split). A stock split is exactly what it sounds like: a division of shares.

You can help keep your company private by reducing the number of stock shares available for purchase. A reverse split raises your stock's par value and reduces the number of shares at the same time. The reverse split doesn't change the value of the retained earnings, paid-in capital or cash accounts.

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Estimated solely for the purpose of calculating the amount of the registration fee in accordance with Rule 457(o) of the Securities Act of 1933, as amended. 23B.10.010, Authority to amend articles of incorporation.Increase in authorized strengths for Army officers on active duty in the grade of major. Creation of a Low Power Radio Service. 15 Section 3 and Titles I through IX of the Violence Against Women and Department of Justice.

Suffolk New York Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock

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