Preference share agreement templatePreference Share Agreement • July 1st, 2021
one or more holders of preferred shares in such a “control” an entity is controlled by a person; (b) the shares of the agreement and other agreements contained in (i) of an unlimited number of shares of a class called a common class constitute the only agreement reached between the parties with respect to an agreement to which the subscriber is a party or by which the preferential investment agreement of A constitutes a contract for an investor in a company and, in return, preferred shares of the state of life. This document is used for information purposes and only serves to illustrate the diversity of written agreements in order to illustrate the diversity of written agreements. Agreement Sample Project disclaims any responsibility for the content of this document or for the actions or inaction it takes. It should not be used or used for any purpose, does not constitute a recommendation or approval, and does not replace professional legal advice. Reading this document does not involv
Preference share agreementPreference Share Agreement • May 25th, 2023
The provisions of the Companies Act and Income Tax Act need to be considered in the context of the outcome which the company wishes to achieve before a company settles the terms of a preference share funding structure. What follows is a brief overview of, and practical guide to, the application of the Companies Act and Income Tax Act provisions relevant to preference share funding structures. 1.1 The existing share capital structure and memorandum of incorporation (MOI) of the company should be reviewed at the start of the preference share structuring process to determine whether it is necessary to increase the authorised share capital of the company in order to create the class of preference shares required for purposes of the funding venture and whether the MOI prescribes compliance with certain formalities prior to such increase being undertaken. 1.2 A share capital increase amounts to an amendment of the company’s MOI and needs to be authorised by the directors and shareholders of
