Section 10 | Statement of capital and initial shareholdings

(1)The statement of capital and initial shareholdings required to be delivered in the case of a company that is to have a share capital must comply with this section.

(2)It must state—

(a)the total number of shares of the company to be taken on formation by the subscribers to the memorandum of association,

(b)the aggregate nominal value of those shares,

(ba)the aggregate amount (if any) to be unpaid on those shares (whether on account of their nominal value or by way of premium), and^F1

(c)for each class of shares—

(i)prescribed particulars of the rights attached to the shares,

(ii)the total number of shares of that class, and

(iii)the aggregate nominal value of shares of that class, ...^F2

(d)Repealed^F2

(3)It must contain such information as may be prescribed for the purpose of identifying the subscribers to the memorandum of association.^F3

(4)It must state, with respect to each subscriber to the memorandum—

(a)the number, nominal value (of each share) and class of shares to be taken by him on formation, and

(b)the amount to be paid up and the amount (if any) to be unpaid on each share (whether on account of the nominal value of the share or by way of premium).

(5)Where a subscriber to the memorandum is to take shares of more than one class, the information required under subsection (4)(a) is required for each class.