Gain a thorough understanding of share capital, offering practical guidance on managing equity structures and shareholder relations.
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...
The Financial Conduct Authority (FCA) has published Handbook Notice No 144, which contains changes to the Handbook made by the FCA board on 30 July...
The Financial Reporting Council (FRC) has published a provision 29 mythbuster on cyber controls, prepared in consultation with the Department for...
This week's edition of Corporate weekly highlights includes: Companies House's updated Post Office identity verification guidance introducing a 21-day...
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...
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
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 using
Is there any difference between a dividend in specie and a distribution in specie?‘Distribution’ is given a very wide definition for the purpose of Part 23 of the Companies Act 2006 (CA 2006).It is every description of distribution of a company’s assets to its members, whether in cash or otherwise,
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 change
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