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.

US Legal Forms
Localized Forms
New York
Suffolk
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

Compliance - Document Correction Agreement

View this form

Preneed Funeral Merchandise and Services T...

View this form

Lack of Evidence

View this form

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

Laws and regulations in every sphere vary throughout the country. If you're not an attorney, it's easy to get lost in a variety of norms when it comes to drafting legal documents. To avoid pricey legal assistance when preparing the Suffolk Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock, you need a verified template valid for your region. That's when using the US Legal Forms platform is so advantageous.

US Legal Forms is a trusted by millions web collection of more than 85,000 state-specific legal templates. It's a perfect solution for professionals and individuals searching for do-it-yourself templates for different life and business situations. All the documents can be used multiple times: once you purchase a sample, it remains accessible in your profile for subsequent use. Thus, when you have an account with a valid subscription, you can just log in and re-download the Suffolk Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock from the My Forms tab.

For new users, it's necessary to make a few more steps to get the Suffolk Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock:

Take a look at the page content to ensure you found the correct sample.
Take advantage of the Preview option or read the form description if available.
Look for another doc if there are inconsistencies with any of your requirements.
Use the Buy Now button to obtain the template when you find the appropriate one.
Opt for one of the subscription plans and log in or create an account.
Select how you prefer to pay for your subscription (with a credit card or PayPal).
Select the format you want to save the document in and click Download.
Fill out and sign the template on paper after printing it or do it all electronically.

That's the simplest and most affordable way to get up-to-date templates for any legal purposes. Locate them all in clicks and keep your documentation in order with the US Legal Forms!

Form Rating

4.65

Satisfied(310)

Form popularity

FAQ

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.

More info

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

Description

Related forms

Viewed forms

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

Show more info

Form Rating

Form popularity

FAQ

What is the difference between amending and restating Articles of Incorporation?

Can a company change its authorized shares?

What does it mean to increase the number of authorized shares?

What is an Amended and Restated Charter?

Can you change par value of stock?

How do you determine the number of authorized shares?

What is restated Certificate of Incorporation?

How do I change the number of authorized shares?

Can you change par value of stock Delaware?

How do you increase par value of shares?

More info

Trusted and secure by over 3 million people of the world’s leading companies