Shares and Share Capital under the Companies Act 2006

The Companies Act 2006 Act makes a number of significant changes to the law on shares and share capital while also retaining many of the provisions of the old law. Some changes are simplifications to the law for private companies, notably on financial assistance, share capital reduction and company buy-back of own shares, as well as the abolition of authorised capital. The whole structure is informed and constrained by the provisions of the Company Law Directives, which are principally applicable to public companies. This book is based on Parts 17, 18, 20, 21 and 22 of the Companies 2006 Act, together with the provisions of the new Table A and Table C. Key areas covered include: • Principles of share capital • Issuing shares • Rights attaching to shares • Transferring shares • Removing capital • Evaluation of the changes under the Companies Act 2006 The work also considers case law doctrines such as improper purposes for issuing shares and case law on those provisions which have not changed but continue to be relevant.