- Dedication
- New to edition
- Preface
- Guide to the online resources
- Table of cases
- Table of legislation
- Table of statutory instruments
- Table of EU legislation
- Table of international treaties and conventions
- Table of codes of practice
- Part 1 Introduction
- 1. Studying Law
- Part 2 The English legal system
- 2. Law, the Constitution, EU Membership, and Human Rights
- 3. Sources of Law, Statutory Interpretation, and the Legislative Process
- 4. The Court Structure and Alternative Forms of Dispute Resolution
- Part 3 Contractual obligations
- 5. Essential Features of a Valid Contract 1: Offer and Acceptance
- 6. Essential Features of a Valid Contract 2: Consideration, Intention to Create Legal Relations, and Certainty of Terms
- 7. Contracts, Contractual Capacity, Mistake, Misrepresentation, and Duress
- 8. Contractual Terms
- 9. Statutory Regulation of Contracts
- 10. Discharge of Contract and Remedies for Breach
- Part 4 Tortious liability
- 11. Negligence and Nuisance
- 12. Economic Loss, the Liability of Professional Advisors, and Psychiatric Injury
- 13. Vicarious Liability and Statutory Duties
- Part 5 Company law
- 14. Trading Structures and Forming the Business Enterprise
- 15. Corporate Administration
- 16. Maintenance of Finance and Capital
- 17. Corporate Management
- Part 6 Agency law
- 18. Agency
- Part 7 Employment
- 19. Employment Status and the Terms Forming the Contract
- 20. Dismissal at Common Law; Redundancy and the Transfer of Undertakings
- 21. Unfair Dismissal and Constructive Dismissal
- 22. Equality in the Workplace and Parental Rights
- 23. Regulation of the Conditions of Employment
- Part 8 Intellectual property
- 24. Intellectual Property
- Glossary
- Index
(p. 394) 16. Maintenance of Finance and Capital
- Chapter:
- (p. 394) 16. Maintenance of Finance and Capital
- Author(s):
James Marson
and Katy Ferris
- DOI:
- 10.1093/he/9780198766285.003.0016
This chapter discusses the details of the various obligations on companies that wish to issue and allot shares, provide debentures and charges over the company’s assets, and provide guidance on the maintenance of the company’s finances. It continues from the discussion of the administration of the company to consider the broad issue of corporate governance and identifies how a company may raise capital, while also considering the obligations placed on the directors to protect and maintain the capital of the company for its members. To appreciate the effects of the Companies Act (CA) 2006 on companies, it is important to understand the rules regarding the issuing of shares and granting of debentures to protect the company and the creditors from abuse, and how dividends are to be agreed upon and provided to shareholders.
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- Dedication
- New to edition
- Preface
- Guide to the online resources
- Table of cases
- Table of legislation
- Table of statutory instruments
- Table of EU legislation
- Table of international treaties and conventions
- Table of codes of practice
- Part 1 Introduction
- 1. Studying Law
- Part 2 The English legal system
- 2. Law, the Constitution, EU Membership, and Human Rights
- 3. Sources of Law, Statutory Interpretation, and the Legislative Process
- 4. The Court Structure and Alternative Forms of Dispute Resolution
- Part 3 Contractual obligations
- 5. Essential Features of a Valid Contract 1: Offer and Acceptance
- 6. Essential Features of a Valid Contract 2: Consideration, Intention to Create Legal Relations, and Certainty of Terms
- 7. Contracts, Contractual Capacity, Mistake, Misrepresentation, and Duress
- 8. Contractual Terms
- 9. Statutory Regulation of Contracts
- 10. Discharge of Contract and Remedies for Breach
- Part 4 Tortious liability
- 11. Negligence and Nuisance
- 12. Economic Loss, the Liability of Professional Advisors, and Psychiatric Injury
- 13. Vicarious Liability and Statutory Duties
- Part 5 Company law
- 14. Trading Structures and Forming the Business Enterprise
- 15. Corporate Administration
- 16. Maintenance of Finance and Capital
- 17. Corporate Management
- Part 6 Agency law
- 18. Agency
- Part 7 Employment
- 19. Employment Status and the Terms Forming the Contract
- 20. Dismissal at Common Law; Redundancy and the Transfer of Undertakings
- 21. Unfair Dismissal and Constructive Dismissal
- 22. Equality in the Workplace and Parental Rights
- 23. Regulation of the Conditions of Employment
- Part 8 Intellectual property
- 24. Intellectual Property
- Glossary
- Index
