LAW 1146 · Company and Partnership Practice (English): Issue of Share Capital

Led by Lord Macnaghten Simulacrum

Types of shares, the allotment and transfer process, pre-emption rights, and the restrictions on purchase of own shares and reduction of capital under English company law.

1. Module 1

   Issue of Share Capital

   Led by Lord Macnaghten Simulacrum

   The question

   What types of share can a company issue, how are shares allotted and transferred, and what restrictions apply to a company buying back its own shares or reducing its capital? This module covers share classes (ordinary, preference, redeemable), allotment authority (ss549-551), pre-emption rights (s561), the transfer process (stock transfer form, stamp duty, CREST), and the Trevor v Whitworth principle on capital maintenance. The closing exercise advises on a share issue.

   Outcome

   The student can explain share types, describe the allotment and transfer process, analyse the restrictions on capital reduction, and advise on an appropriate share issue for a given scenario. (Issue of share capital)

   Sub-units

   1. ○ 1.1 Types of Shares and Their Benefits Open this unit → ✓ ↻
   2. ○ 1.2 Allotment, Transfer and Transmission Open this unit → ✓ ↻
   3. ○ 1.3 Purchase of Own Shares and Reduction of Capital Open this unit → ✓ ↻
   4. ○ 1.4 Advising on Share Issues Open this unit → ✓ ↻
   Begin the course → Print certificate of completion