Gain a thorough understanding of share capital, offering practical guidance on managing equity structures and shareholder relations.
This week’s edition of Corporate weekly highlights includes: the DBT’s consultation on a proposed UK corporate re-domiciliation regime and an...
The Insolvency Service has published guidance outlining director responsibilities for ensuring company compliance and the potential consequences of...
The Financial Reporting Council (FRC) has published its Plan and Budget for 2026–27, introducing a new Audit Supervision Approach with more...
The Financial Conduct Authority (FCA) has published Handbook Notice No 139, which includes changes to the FCA Handbook and other material made by 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...
If a company acquires its own shares for no consideration, can it exercise the rights attaching to those shares?Section 658 of the Companies Act 2006 (CA 2006) specifies that a limited company must not acquire its own shares, whether by purchase, subscription or otherwise, except in accordance with
Can a share certificate be executed by electronic means?This Q&A relates to certificated shares (ie not shares traded via the CREST system). It assumes no overseas legal (or cross-border) considerations arise.There is nothing that prohibits a share certificate being executed electronically (ie
What is the process for a redesignation of shares?This Q&A examines how a company may carry out a redesignation of shares, meaning a change in the name of some or all of a class of shares that it has in issue, without any change being made to the number or nominal value of those shares or any
What are the legal consequences for a company if it registers a stock transfer form that has not been stamped and in relation of which no stamp duty has been paid?Broadly, stamp duty is payable on documents and instruments, rather than in respect of a transaction. UK stamp duty is most commonly
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