p. 73713. Raising Debt Capital: Borrowing, Debentures and Charges
- 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 discusses the rules which govern distribution of the company’s assets to its shareholders and 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.
