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A capital statement

15 October 2009 / Jane Mayfield
Issue: 7389 / Categories: Features , Profession
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Jane Mayfield reports on new filing arrangements for statements of capital

Under the Companies Act 2006 (CA 2006), from 1 October 2009 a statement of capital (either as a stand alone form, eg on a reduction of capital, or incorporated into a larger form such as the annual return) must be filed with the Registrar of Companies at certain times during a company’s life including:
as part of the application to incorporate (CA 2006, s 10);
as part of any annual return made up to any date on or after 1 October 2009 (CA 2006, s 856 (1) and (2));
or
following an allotment of shares or other capital changes, eg the consolidation or sub-division of shares, the re-conversion of stock into shares, the redemption of redeemable shares or a reduction of share capital etc.

A company must also provide a current statement of capital to a member if such member requests one.

Contents of a statement of capital

The statement of capital must state:
the total number of shares of the company;
the aggregate nominal

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