The SH01 Form is a document filed with Companies House to officially record the issuance of new shares in a startup. Submitting this form is the final step in closing a funding round, providing a public record of the new shares issued and ensuring compliance with regulatory requirements.
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Why is the SH01 Form important for startups?
The SH01 Form is essential for legally documenting new share issuances, ensuring transparency and regulatory compliance, which is especially important for investor relations.
When should the SH01 Form be filed?
The form should be submitted to Companies House promptly after the issuance of new shares, usually at the close of a funding round.
Who is responsible for filing the SH01 Form?
Typically, the company secretary or legal team files the SH01 Form, but directors are responsible for ensuring it is completed and submitted accurately.
What information is included in the SH01 Form?
The SH01 Form includes details on the new shares issued, the total share capital, and any relevant shareholder information, creating an official record.
Is the SH01 Form publicly accessible?
Yes, once filed, the SH01 Form becomes part of the public record, accessible through Companies House, providing transparency for investors and stakeholders.
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