1-2 of 2 Results

  • Keyword: allotment of shares x
Clear all

Chapter

Cover Company Law

21. Share capital—capital raising and payment  

This chapter considers the statutory framework governing share capital requirements including the provisions with respect to allotments of shares, the rules on premiums and discounts, the requirements for authorisation to allot, and the need to provide pre-emption rights. The rules governing cash and non-cash payment for shares are also considered. For the largest companies, there are additional issues surrounding capital raising which are considered. The position governing public offers by private companies is reviewed as well as the intended reforms of the listing regime. There are significant changes to the rules on public offers of shares and the need for prospectuses and these requirements too are considered. The issue of possible liability for misleading prospectuses is also addressed.

Chapter

Cover Concentrate Questions and Answers Company Law

4. Shares and Shareholders  

The Concentrate Questions and Answers series offers the best preparation for tackling exam questions and coursework. Each book includes typical questions, suggested answers with commentary, illustrative diagrams, guidance on how to develop your answer, suggestions for further reading, and advice on exams and coursework. Shareholders in a company own shares, but the nature of a share and the rights of a shareholder are not easily defined. This chapter discusses the definition and characteristics of a share; the differences between different types of share, particularly ordinary and preference shares; allotment of shares and pre-emption rights; return of capital; and variation of class rights.