Part 2

Company formation

Requirements for registration

Statement of capital and initial shareholdings
10
1
The statement of capital and initial shareholdings required to be delivered in the case of a company that is to have a share capital must comply with this section.
2
It must state—
a
the total number of shares of the company to be taken on formation by the subscribers to the memorandum of association,
b
the aggregate nominal value of those shares,
ba
the aggregate amount (if any) to be unpaid on those shares (whether on account of their nominal value or by way of premium), and
c
for each class of shares—
i
prescribed particulars of the rights attached to the shares,
ii
the total number of shares of that class, and
iii
the aggregate nominal value of shares of that class, ...
d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
It must contain such information as may be prescribed for the purpose of identifying the subscribers to the memorandum of association.
4
It must state, with respect to each subscriber to the memorandum—
a
the number, nominal value (of each share) and class of shares to be taken by him on formation, and
b
the amount to be paid up and the amount (if any) to be unpaid on each share (whether on account of the nominal value of the share or by way of premium).
5
Where a subscriber to the memorandum is to take shares of more than one class, the information required under subsection (4)(a) is required for each class.
S. 10 wholly in force at 1.10.2009; s. 10 not in force at Royal Assent, see s. 1300; s. 10 in force for specified purposes at 20.1.2007 by S.I. 2006/3428, art. 3(3) (subject to art. 5, Sch. 1 and with arts. 6, 8, Sch. 5); s. 10 in force at 1.10.2009 in so far as not already in force by S.I. 2008/2860, art. 3(b)
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
S. 10(2)(d) and word omitted (30.6.2016) by virtue of Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 6 para. 2(b); S.I. 2016/321, reg. 6(e)
S. 10(3) omitted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 3(4), 219(1)(2)(b)
S. 10(2)(ba) inserted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 6 para. 2(a); S.I. 2016/321, reg. 6(e)