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date: 01 December 2023

p. 53310. Distributions and Capital Maintenancelocked

p. 53310. Distributions and Capital Maintenancelocked

  • Sarah WorthingtonSarah WorthingtonDowning Professor of the Laws of England, University of Cambridge


This chapter discusses the rules which ensure that a company’s legal capital is maintained in the company’s hands. It covers: controls over a company’s distribution of capital; permitted reductions of capital; redemptions and repurchases of shares; financial assistance by a company for the acquisition of its own shares; and dividend distributions.

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