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Legislation
Companies Act 2006

Chapter 2 Minimum share capital requirement for public companies

  • Section 761 Public company: requirement as to minimum share capital
  • Section 762 Procedure for obtaining certificate
  • Section 763 The authorised minimum
  • Section 764 Power to alter authorised minimum
  • Section 765 Authorised minimum: application of initial requirement
  • Section 766 Authorised minimum: application where shares denominated in different currencies etc
  • Section 767 Consequences of doing business etc without a trading certificate
  1. Chapter 2 · Minimum share capital requirement for public companies
  2. Procedure for obtaining certificate

Section 762 | Procedure for obtaining certificate

From legislation.gov.uk

(1)An application for a certificate under section 761 must—

(a)state that the nominal value of the company's allotted share capital is not less than the authorised minimum,

(b)specify the amount, or estimated amount, of the company's preliminary expenses,

(c)specify any amount or benefit paid or given, or intended to be paid or given, to any promoter of the company, and the consideration for the payment or benefit, ...F1

(d)be accompanied by a statement of compliance andF2

(e)be accompanied by a statement of the aggregate amount paid up on the shares of the company on account of their nominal value.F2

(2)The statement of compliance is a statement that the company meets the requirements for the issue of a certificate under section 761.

(3)The registrar may accept the statement of compliance as sufficient evidence of the matters stated in it.

Notes

  1. F1

    Word in s. 762(1) omitted (30.6.2016) by virtue of Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 98(3)(a), 164(1); S.I. 2016/321, reg. 6(f)

  2. F2

    S. 762(1)(e) and word inserted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 98(3)(b), 164(1); S.I. 2016/321, reg. 6(f)

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