How can I fill in the statement of capital (eg in my annual return) if I cannot identify the premium on individual shares?
A. The statement of capital requirement in the Companies Act 2006 is intended to provide a snapshot of a company’s capital structure. A statement of capital is required each year in the annual return, and whenever a company changes its capital. We are aware that one of the details required to be included in the statement of capital can cause problems for certain companies that have a complex history of allotting shares and managing their capital structure. In particular, we understand that in certain circumstances it may not be possible or meaningful for a company to identify the amount of premium paid up on each share. The Department for Business Innovation & Skills is working with the Institute of Chartered Secretaries and Administrators (ICSA), who first drew this to our attention, and with other stakeholders to seek a resolution of this problem. In the meantime, we hope that companies with complex capital histories will do what they can to provide numbers in their statements of cap
Related Questions
- How can I fill in the statement of capital (eg in my annual return) if I cannot identify the premium on individual shares?
- Is there a formula to value members’ shares or when dividends will be paid/return on capital investment?
- Would you look at the Return on capital employed to invest shares in a company?
