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 value of those shares;
for each class of shares:
