cryptohunter
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In the UK a company can give out shares in exchange for things that aren't cash. This is called allotment of shares for non-cash consideration, and its covered by the Companies Act 2006.
Noncash things could be assets, services, or anything valuable in exchange for shares. Before doing this, the company needs to figure out how much the non-cash thing is worth to make it a fair trade.
The company's board of directors usually decides on this and needs to pass a resolution. They record all the details of the deal, like how much it's worth.
Also, the company has to tell Companies House about it by filing some documents, like a statement of capital. This shows the changes in the share money because of the non-cash deal.
Noncash things could be assets, services, or anything valuable in exchange for shares. Before doing this, the company needs to figure out how much the non-cash thing is worth to make it a fair trade.
The company's board of directors usually decides on this and needs to pass a resolution. They record all the details of the deal, like how much it's worth.
Also, the company has to tell Companies House about it by filing some documents, like a statement of capital. This shows the changes in the share money because of the non-cash deal.