Week 13 - Minimum Capital Requirements CA 2006 Flashcards
1
Q
Public companies must have a nominal value of allotted share capital of…
A
At least £50,000
2
Q
At least a quarter of this must be paid…
A
Must be paid up before it begins trading
3
Q
What is the minimum capital requirement for private companies?
A
There is no minimum capital requirement
4
Q
You will find that private companies often limit themselves to…
A
Issuing 100 shares
