What must occur before share certificates are considered issued under the BCA?

For share certificates to be considered issued under the Business Corporations Act (BCA), they must be signed by a director or officer. This requirement is significant because the signature authenticates the share certificate and signifies that the company recognizes the validity of the shares represented in the certificate. The act of signing establishes a formal acknowledgment that the shares have been issued to a shareholder, which is an essential step in the transfer of ownership in the corporation.

The execution by a director or officer adds a layer of accountability and ensures that there is proper authority behind the issuance of the shares. Without this signature, the share certificate lacks legitimacy and cannot serve as proof of ownership, which is key in transactions involving shares.

Other options presented do not reflect the requirements established by the BCA. For instance, it is not necessary for share certificates to be issued at the annual general meeting, filed with the registrar, or printed in color for them to be considered validly issued. These elements do not impact the fundamental legal recognition of the issuance of the shares.