Where can I find out how many shares were approved (but not allocated) as part of my company formation? I can't find the information on the documentation I have. Would it be in the information held by Companies House if I pay for a report from them?
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I think this is in the moemorandum and articles of association, you should have a copy if this, or ask whoever formed your company."The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero -
As Waldorf has stated, the number of shares authorised and the original number of shares subscribed to should be in the Memorandum and the Articles of Association.
You should have copies of these but if not they should be available to download from Companies House (for a fee) - assuming a private limited company incorporated in England and Wales.
I wont ask how you have been sure that you have been making the correct dividend payments ....Comment
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Thanks for your replies. The details are not in the memorandum. I've been doing some reading and it appears that because my company was formed after 1/10/09 things are done differently and I don't have any shares waiting to be allocated. I just need to work out how to get new ones - I'm in the middle of reading the details...Loopy LooComment
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I think I noticed a section for this information when doing my Web Filing of Accounts through HMRC web site last week.Comment
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You are indeed correct.Originally posted by lje View Post
Under the Companies Act 2006 limited companies created from 1st October 2009 onwards have no concept of "authorised share capital". The shares issued at the time the company is formed are listed in the company formation documents and further shares can be issued according to the company's rules and Companies House notified accordingly.
There is a reasonable explanation here http://www.sfsgo.com/sharecapital.asp.
I must stick to my promise not to post in the Accounting / Legal forum any more because I am not keeping up to date with UK rules.
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Thanks for your help guys. Much appreciated!Loopy LooComment
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