Share capitalU.K.
Valid from 01/10/2009
547Called-up share capitalU.K.
In the Companies Acts—
“”, in relation to a company, means so much of its share capital as equals the aggregate amount of the calls made on its shares (whether or not those calls have been paid), together with—
(a)any share capital paid up without being called, and
(b)any share capital to be paid on a specified future date under the articles, the terms of allotment of the relevant shares or any other arrangements for payment of those shares; and
“” is to be construed accordingly.
548Equity share capitalU.K.
In the Companies Acts“”, in relation to a company, means its issued share capital excluding any part of that capital that, neither as respects dividends nor as respects capital, carries any right to participate beyond a specified amount in a distribution.
Commencement Information
I1S. 548 wholly in force at 1.10.2009; s. 548 not in force at Royal Assent see s. 1300; s. 548 in force for certain purposes at 1.10.2007 by S.I. 2007/2194, art. 2(3)(f) (with saving in art. 12); s. 548 in force for certain purposes at 6.4.2008 by S.I. 2007/3495, art. 3(3)(e) (with savings in arts. 7, 12); s. 548 otherwise in force at 1.10.2009 by S.I. 2008/2860, art. 3(k) (with arts. 5, 7, 8, Sch. 2) (as amended by S.I. 2009/1802, art. 18)