Types Of Capital - Share Capital Flashcards
1
Q
Share capital Two types of shares? What can you be? What are paid? What rights are involved?
A
Preference and ordinary
A member
Dividends
Voting
2
Q
Class rights
When can you charge rights?
What is there?
What protection is there?
A
When in line with articles with written consent from more than 75% in value of class S630 CA06
Variation
Minority protection
3
Q
Issuing shares
What is not allowed?
What is the other type? When can this be used?
Or for non what?
What needs to be paid for plc shares to be allocated?
A
Shares at discount Premium shares To workout issue with expenses or commission or to issue bonus shares Non cash consideration 1/4 net value plus premium
4
Q
Capital maintenance
What can we do to capital?
What can’t we pay?
A
Reduction
Dividends that put into negative reserves
5
Q
Distributions
What do we distribute?
A
Dividends