Quote Originally Posted by Andromeda View Post
Consider an example where it was not done.... and then a few years later the original shareholder takes in a partner, and then some later the partner discovers that the original allotment was never properly done, by simply reading the minutes in the minute book; in such a scenario the original shareholder is at the mercy of the partner. The only way to correct it is to apply to the courts for condonation. The application will only be successful if positively supported by both shareholders, but beware if they are in dispute.
Agree with this and thank you for clearing that up and apologies to OP for derailing this thread was just trying to understand for my own purposes.

My point was mainly about day to day decisions and resolutions in a small owner operated company being redundant but agree that at any point where share certificate is issued it should be documented and minuted. In my case my accountant provides secretarial services that handle this for me.