Can Companies House give some examples of the wording that will be acceptable when completing the voting rights and prescribed particulars on a statement of capital?
A. Yes, but this is limited to the simplest case of a private company limited by shares using the model articles provided in the Companies (Model Articles) Regulations 2008. Examples of the wording that could be used for voting rights, dividend rights or distributions on winding up are as follows, “each share is entitled to one vote in any circumstances” – this wording will reflect the general legal position of one member one vote under section 284 Companies Act 2006; “each share is entitled pari passu to dividend payments or any other distribution” – this will reflect a basic right to dividends but any dividend must be made in accordance with the Companies Act and the company’s articles of association; and “each share is entitled pari passu to participate in a distribution arising from a winding up of the company” – any distribution from a company being wound up will therefore operate in accordance with the law. It is very unlikely that companies using the model articles will issue sh
Related Questions
- Can Companies House give some examples of the wording that will be acceptable when completing the voting rights and prescribed particulars on a statement of capital?
- Where can I find information on the voting rights and prescribed particulars which apply to my company?
- Does House Joint Resolution 28, the Voting Rights Amendment, eliminate the Electoral College?
