What is the process to increase capital or allot new shares?

Pass a resolution approving the allotment, issue the shares once payment is received and update the register, then file the allotment with ACRA within 14 days. Singapore uses a no-par-value share regime, so raising capital is usually done by allotting new shares. The process: confirm the constitution and any shareholders' agreement allow it and whether existing shareholders' pre-emption rights apply; pass a board (and where needed shareholder) resolution approving the number of shares, price per share and the subscribers; upon receipt of the subscription monies, issue the new share certificates, update the register of members, and file the \"Return of Allotment\" via ACRA BizFile within 14 days of the allotment, after which the issued share capital and shareholding percentages are updated. Throughout, record contributions and shareholding changes accurately to avoid later equity disputes. CorpSec AI can generate the resolution, allotment forms and filing documents for the scenario in one click, with the user simply confirming.