C1Part 17A company's share capital

Annotations:
Modifications etc. (not altering text)

Chapter 1Shares and share capital of a company

Share capital

547Called-up share capital

In the Companies Acts—

  • “called-up share capital”, in relation to a company, means so much of its share capital as equals the aggregate amount of the calls made on its shares (whether or not those calls have been paid), together with—

    1. a

      any share capital paid up without being called, and

    2. b

      any share capital to be paid on a specified future date under the articles, the terms of allotment of the relevant shares or any other arrangements for payment of those shares; and

  • “uncalled share capital” is to be construed accordingly.