D7.321 Significant increase in investment company capital

D7.321 Significant increase in investment company capital

For this purpose, the capital of a company (to be expressed in sterling and rounded up to the nearest pound) consists of the total of the following¹:

1.  

   •     the amount of its paid up share capital (including any amount in the share premium account)

2.  

   •     the amount of any debt incurred for money borrowed or capital assets acquired by the company

3.  

   •     the amount of any debt incurred for a right to receive income created in favour of the company

4.  

   •     the amount of any debt incurred for a consideration the value of which was (at the time it was incurred) substantially less than the amount of the debt (including any premium)

5.  

   •     the amount of any outstanding redeemable loan capital

The amount of any debt includes any interest due on it.

A comparison has to be made