Navigating the world of corporate members requires a solid understanding of the legal frameworks that govern shareholders, partnerships, and LLC members. This topic provides practical and up-to-date guidance to assist you in advising clients on their rights, responsibilities, and the intricacies of corporate membership structures. Stay informed on best practices and enhance your advisory capabilities with expert insights tailored to the corporate legal space.
The Financial Conduct Authority (FCA) has published a primary market checklist for issuers preparing a transfer of listing circular for FCA approval...
The Financial Conduct Authority (FCA) has published PS26/19: Aligning listed issuers’ sustainability disclosures with international standards, with...
The Financial Reporting Council (FRC) has published its 2026 ‘Annual Review of Corporate Reporting’. It found that reporting quality among FTSE 350...
Companies House (CH) has updated its OS CH01 guidance. The update clarifies that the address for a UK establishment of an overseas company must be the...
Separate legal personality and the corporate veilCorporate legal personality—the Salomon principleA properly formed registered company is a separate...
A company’s constitutionWhat is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as...
Allotment and issue of shares—fundamentalsSTOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024, which...
Private companies limited by sharesThis Practice Note summarises the main features of a private company limited by shares. It also covers key...
Joint shareholdersShares in a company may be allotted or transferred to any number of holders (whether they are natural persons or corporate entities) to be held jointly, except shares allotted to the subscribers to a company’s memorandum of association (being subscriber shares). It is not possible
What is an affiliate or an affiliated person?The definition of ‘affiliate’ or ‘affiliated’ in relation to corporate relationships will depend on the context in which a particular relationship arises.The definition of an ‘affiliated company’ in the context of financial services (in the FCA Handbook)
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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