Issued share capital: Difference between revisions
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imported>Doug Williamson (Expand definition - source - Oxford Dictionary of Law - 10th edition - 2022.) |
imported>Doug Williamson (Layout.) |
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The life cycle of of a share can include - in this order: | The life cycle of of a share can include - in this order: | ||
:Authorisation of the company to issue a maximum total cumulative number of shares. | :(1) Authorisation of the company to issue a maximum total cumulative number of shares. | ||
:Issue by the company of shares to shareholders, also known as allotment. | :(2) Issue by the company of shares to shareholders, also known as allotment. | ||
:Calling up by the company for the shareholders to pay the nominal value of the shares to the company, if not already done. | :(3) Calling up by the company for the shareholders to pay the nominal value of the shares to the company, if not already done. | ||
:Payment by the shareholders, into the company, of the amounts due. | :(4) Payment by the shareholders, into the company, of the amounts due. | ||
Revision as of 14:10, 13 February 2023
The total nominal value of the shares of a company which have been issued to shareholders and which remain outstanding (and have not been redeemed or repurchased to be held in treasury).
Also known as allotted share capital.
The life cycle of of a share can include - in this order:
- (1) Authorisation of the company to issue a maximum total cumulative number of shares.
- (2) Issue by the company of shares to shareholders, also known as allotment.
- (3) Calling up by the company for the shareholders to pay the nominal value of the shares to the company, if not already done.
- (4) Payment by the shareholders, into the company, of the amounts due.
With the relevant authority, companies may also redeem and cancel shares in issue, or repurchase them to hold them "in treasury".
Outstanding shares are ones that remain held by shareholders.
