Continuing our series of legal articles for those working in tax Natalie Smith Osborne Clarke discusses the process for issuing shares and its relevance to tax practitioners
Recent developments have shown that those practising within the tax system need to have familiarity with the law concerning the process of issuing shares.
The concept of authorised share capital previously found in CA 1985 has not been carried through to CA 2006. Broadly this means that with effect from 1 October 2009 companies are no longer required to maintain an authorised share capital limit.
However for companies incorporated before 1 October 2009 the authorised share capital set out in their memorandum of association (as it may have been altered over time) immediately prior...
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Continuing our series of legal articles for those working in tax Natalie Smith Osborne Clarke discusses the process for issuing shares and its relevance to tax practitioners
Recent developments have shown that those practising within the tax system need to have familiarity with the law concerning the process of issuing shares.
The concept of authorised share capital previously found in CA 1985 has not been carried through to CA 2006. Broadly this means that with effect from 1 October 2009 companies are no longer required to maintain an authorised share capital limit.
However for companies incorporated before 1 October 2009 the authorised share capital set out in their memorandum of association (as it may have been altered over time) immediately prior...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")