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date: 01 December 2023

p. 5069. The Raising of Capitallocked

p. 5069. The Raising of Capitallocked

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


This chapter begins with an overview of the company ‘capital’ and its importance. It then discusses: attracting capital and protecting both shareholders and creditors; terminology associated with legal capital; the legal nature of shares; the minimum capital requirements for company formation; limiting access to shares; offers to the public to purchase shares and remedies for misleading offers; and collecting in the company’s capital (issue of shares at a discount, issue of shares at a premium, and issue of shares in exchange for property).

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