Maintenance of capital

View Corporate by content type:

Featured Corporate content

Practice notes
This Practice Note summarises the traditional fiduciary duties of company directors, including the duty to act in the best interests of the company,...
Read More >
20th Oct
Practice notes
Why restore a company to the register?When a company has been struck off it may be possible for an interested person to make an application to the...
Read More >
19th Oct
Practice notes
This Practice Note provides an overview of the agreement for the sale and purchase of shares in a private limited company (target): the share purchase...
Read More >
19th Oct
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...
Read More >
16th Oct
Practice notes
Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other administrative procedures have been...
Read More >
12th Oct
Precedents
Definitions Delete the existing definition of ‘Consideration’ in Precedent: Share purchase agreement—pro-buyer—corporate...
Read More >
26th Sep
Practice notes
A director who is in any way, directly or indirectly, interested in:•a proposed transaction or arrangement with the company of which they are a...
Read More >
26th Sep
Practice notes
Coronavirus (COVID-19) IMPACT: Certain filing and registration deadlines are extended by temporary measures introduced to mitigate the consequences of...
Read More >
26th Sep
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...
Read More >
26th Sep
Practice notes
What is an intention to float announcement?An intention to float announcements (ITF) is generally the first announcement to the public by an issuer of...
Read More >
26th Sep
Precedents
Important-this provisional allotment letter (pal) is of value and is negotiable. It requires your immediate attention. The offer expires at [insert...
Read More >
26th Sep
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...
Read More >
26th Sep
Practice notes
The agreement of the members of a company is required to make certain changes to a company, such as amending its constitution, name or share capital,...
Read More >
26th Sep
Practice notes
The principle definedCompany decisions are made by way of resolutions of the shareholders. There are three ways in which a resolution of a company may...
Read More >
26th Sep
Practice notes
This Practice Note considers the appointment and removal of alternate directors, their status, powers, duties and liabilities and authority to bind...
Read More >
25th Sep
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...
Read More >
25th Sep

Most recent Maintenance of capital content

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...
Read More >
25th Sep
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...
Read More >
25th Sep
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),...
Read More >
25th Sep
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...
Read More >
26th Sep
Precedents
Company number: [insert number][insert company name] [Limited OR PLC](the Company)Written consent to a variation of class rightsWe, being the holders...
Read More >
26th Sep
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...
Read More >
26th Sep
Q&As
There is no simple solution to such a situation. If the parties can reach an agreement for one to buy out the other's shareholding (or find a third...
Read More >
Produced in partnership with Julian Henwood of Gowling WLG 28th Sep
Q&As
The Companies Act 2006 (CA 2006) sets out various restrictions and requirements in relation to payment for shares.Any company (whether public or...
Read More >
28th Sep
Q&As
If Companies House filings show that a company has ‘ordinary A shares’ and ‘ordinary B shares’ in issue, it will be necessary to determine what rights...
Read More >
28th Sep
Q&As
For the purpose of this Q&A we assume that the company in question is a private limited company and that there has been an allotment of shares that...
Read More >
28th Sep
Q&As
It is assumed for the purpose of this Q&A that you are referring to the liability of a member to pay to a company the unpaid part of the nominal value...
Read More >
28th Sep
Q&As
How voting rights attachIn general terms there are two ways that voting rights attach to shares, either:•by virtue of a provision in a shareholders’...
Read More >
28th Sep
Q&As
The Companies Act 2006 is silent on the point raised in this Q&A and we have been unable to find case law on this specific point.Appointing a director...
Read More >
28th Sep
Q&As
This Q&A focuses on class rights attaching to shares, but a company that does not have a share capital may have separate classes of members, with...
Read More >
Produced in partnership with Julian Henwood of Gowling WLG 28th Sep
Q&As
For information about what a class right is and what constitutes a variation of class rights, see Practice Note: Class rights and variation of class...
Read More >
28th Sep
Q&As
This Q&A focuses on class rights attaching to shares, but a company that does not have a share capital may have separate classes of members, with...
Read More >
28th Sep
Q&As
Surrender of shares may take place as follows, depending largely on whether the shares are fully paid or not.Articles of association commonly provide...
Read More >
Produced in partnership with Julian Henwood of Gowling WLG 28th Sep
Q&As
This Q&A deals with the question of whether it is possible to provide that one class of shares in a company shall carry enhanced voting rights. It...
Read More >
Produced in partnership with Kirstin Gilbert and Alex McPherson of Ignition Law 28th Sep
Q&As
A company having a share capital may have separate classes of shares. The rights attaching to a particular class of shares will usually be set out in...
Read More >
Produced in partnership with Julian Henwood of Gowling WLG 28th Sep
Q&As
If the rights attaching to any shares in a company are to be changed, consideration should always be given to whether this will involve a variation of...
Read More >
28th Sep

Popular documents