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Sealy & Worthington's Text, Cases, and Materials in Company Law

Sealy & Worthington's Text, Cases, and Materials in Company Law (12th edn)

Sarah Worthington and Sinéad Agnew
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date: 21 April 2024

p. 68612. Distributions to Shareholders and Capital Maintenancelocked

p. 68612. Distributions to Shareholders and Capital Maintenancelocked

  • Sarah WorthingtonSarah WorthingtonDowning Professor of the Laws of England and Fellow of Trinity College University of Cambridge Academic Member, South Square, Gray’s Inn
  •  and Sinéad AgnewSinéad AgnewCatherine Seville Assistant Professor in Law and Fellow of Newnham College University of Cambridge Associate Member of Serle Court, Lincoln’s Inn

Abstract

This chapter deals with raising capital from shareholders (equity capital). It considers: attracting capital and protecting both shareholders and creditors; terminology associated with legal capital; 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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