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Post Info TOPIC: No Authorised share capital on the M&As?
FoxAccountancyServices


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No Authorised share capital on the M&As?
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Helloooo

I was looking for the authorised share capital in a company's M&As, and I don't see it?  The company was formed in Jan12.  I know there is no longer a requirement to disclose it in the notes to the accounts, but does that mean they no longer need to put it in the M&As?



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ilsm


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The Companies Act 2006 abolished the requirement for companies to have an authorised share capital. Companies registered after 30/9/09 do not have any limit on the number of shares they can issue unless they impose one on themselves (in their Articles).

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FoxAccountancyServices


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Thanks Ian. My software still requires that I put an amount in the database so I have entered the value to match the issued shares.

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ilsm


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Sounds like a solution. You can tell computers anything, huh?

Perhaps an email to your software providers, however?

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FoxAccountancyServices


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Hi Ian. Yes I will mention it next time I call them. :)

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ilsm


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I'm intrigued to wonder whether your software would accept nil authorised capital, and if it does, will it allow a positive figure for issued share capital? Just wondering ... don't waste any effort over it.

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FoxAccountancyServices


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Hi Ian

Next time I set up a new company, I will have a looksee :)

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