p. 68612. Distributions to Shareholders and Capital Maintenance
- 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).
