Maintenance of capital

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Practice notes
A demerger is a transaction whereby a business carried on by a company within a group is taken out of that group and run under separate management but...
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9th Nov
Practice notes
The Quoted Companies Alliance (QCA) is an independent membership organisation that champions the interests of small to mid-sized quoted companies. One...
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9th Nov
Practice notes
This Practice Note is part of the Share purchase transaction toolkit.In order to effect all aspects of the transaction, each share purchase...
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9th Nov
Practice notes
A minority member in a company does not have much power to influence its management or any majority member(s) and, therefore, sometimes their...
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9th Nov
Practice notes
This Practice Note focuses on how a company secretary of a public company (as defined) or a private company (as defined) may be removed.It does not...
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9th Nov
Practice notes
The Prospectus Regulation (EU) 2017/1129 came into force on 20 July 2017 and its provisions came fully into effect in Member States on 21 July 2019....
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9th Nov
Practice notes
This Practice Note explains the cash box structure and the principles behind its use in connection with a proposed placing by a public limited company...
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Produced in partnership with Danette Antao of Hogan Lovells and Maegen Morrison of Hogan Lovells 12th Jan
Precedents
Important-this provisional allotment letter (pal) is of value and is negotiable. It requires your immediate attention. The offer expires at [insert...
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9th Nov
Practice notes
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other administrative procedures have been...
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9th Nov
Practice notes
Coronavirus (COVID-19) IMPACT: Certain filing and registration deadlines are extended by temporary measures introduced to mitigate the consequences of...
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9th Nov
Practice notes
This Practice Note considers the obligation of an issuer who issues or proposes to issue financial instruments which are within the scope of the...
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9th Nov
Precedents
Definitions Delete the existing definition of ‘Consideration’ in Precedent: Share purchase agreement—pro-buyer—corporate...
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9th Nov
Practice notes
This Practice Note provides an overview of the purpose, content and scope of a comfort letter prepared by the auditors of a company preparing to offer...
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9th Nov
Practice notes
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact...
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9th Nov
Practice notes
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of...
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9th Nov
Practice notes
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to...
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9th Nov

Most recent Maintenance of capital content

Practice notes
Transfer of treasury shares to an employees' share schemeA limited company may hold, or deal with, shares in itself, if certain conditions set out in...
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14th May
Practice notes
Sale of treasury sharesA limited company may hold, or deal with, shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006)...
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14th May
Q&As
Who pays the legal costs in the event of a shareholders' dispute? Can the company pay?This Q&A considers who is liable to pay the legal costs of a...
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12th May
Practice notes
This Practice Note considers the nature of shares in a company and the classes into which they can be divided. If a company has shares of different...
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22nd Apr
Practice notes
A company having a share capital may have separate classes of shares. As a general rule, a type of share will form a separate class from other shares...
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22nd Apr
Practice notes
A company’s share capital comprises the number of shares it has issued and allotted to shareholders at any given time. This Practice Note considers...
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21st Apr
Precedents
Add new definitions to ‘definitions’ article:A director•means any director appointed by holders of the A ordinary shares;B director•means any director...
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9th Apr
Precedents
Company number: [insert number][insert company name] [Limited OR PLC](the Company)Written consent to a variation of class rightsWe, being the holders...
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9th Apr
Practice notes
It is a fundamental rule of English company law that a limited company having a share capital must maintain that capital. This capital maintenance...
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Produced in partnership with Tessa Park of Moore Kingston Smith 8th Apr
Practice notes
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other administrative procedures have been...
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8th Apr
Practice notes
AAIMA securities market owned and operated by the London Stock Exchange plc, with lighter entry requirements and continuing obligations than the main...
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8th Apr
Practice notes
A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue...
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8th Apr
Practice notes
A limited company may hold, or deal with, shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006) are met. Those shares...
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16th Mar
Practice notes
A limited company may hold, or deal with, shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006) are met. Those shares...
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16th Mar
Practice notes
The details to be included in a statement of capital, where one is required from a company by various provisions of the Companies Act 2006 (CA 2006),...
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16th Mar
Practice notes
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other administrative procedures have been...
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16th Mar
Practice notes
These training materials consist of template PowerPoint slides that can be used as the basis of one or more training seminars in relation to the...
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3rd Mar
Q&As
It may be possible for forfeiture to be used to relieve a shareholder from liability to pay any outstanding balance of the nominal value (and of any...
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Produced in partnership with Julian Henwood of Gowling WLG 15th Feb
Q&As
Section 540 of the Companies Act 2006 (CA 2006) defines a ‘share’, in relation to a company, as a ‘share in the company's share capital’. However, the...
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15th Feb
Q&As
Where the ownership of sale shares under a share purchase agreement (SPA) is split (ie the legal owner is not the beneficial owner), it will be...
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15th Feb

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