Document background
A Share Allotment Agreement is used when a Singapore company issues new shares to investors or existing shareholders. This document is crucial for compliance with Singapore's Companies Act and corporate governance requirements. The agreement typically includes details about the share class, price, payment terms, and any restrictions on transfer. It serves as evidence of the transaction and protects both the company's and subscribers' interests by clearly documenting the terms of the share issuance. The agreement is particularly important for maintaining proper corporate records and ensuring compliance with regulatory requirements.
