Effect of backdating

For instance, if a stock was worth a share, a stock option may grant an option holder the right to purchase

For instance, if a stock was worth $10 a share, a stock option may grant an option holder the right to purchase $1,000 shares at $10 a share for a period of 5 years.

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For instance, if a stock was worth $10 a share, a stock option may grant an option holder the right to purchase $1,000 shares at $10 a share for a period of 5 years.

,000 shares at a share for a period of 5 years.

This article will try to unpick the various legal threads of when you can and cannot backdate documents, and what the consequences will be if you do.

The risks of backdating (or misdating) documents accidentally is multiplied in modern commercial transactions by the practice of getting all the documents signed before “completion” and then rushing around dating them afterwards.

My father (who was also a lawyer) used to love telling a story about how he was able to triumphantly prove to the court that a yacht charter was backdated by showing the stamps which had been used to pay the nominal 15¢ stamp duty were in fact first issued by the post office some four months after the date stated on the face of the document.

However any alterations we make on or after 1 April 2016 will only be backdated to 1 April 2015.

The proposals to limit backdating of changes to rating assessments in England were announced in the Autumn Statement on 4 December 2014.

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