Podcast Location:
Download it here [file size: 19.4 MB]
Categories:
Corporate & Commercial Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to update the listener on the changes affecting companies' share and capital arrangements and reporting following the final implementation of the Companies Act 2006 on October 1st. It will examine in detail the new requirements relating to statements of capital, reporting, share allocation and capital reductions and compare them to the 1985 Act provisions.

Outcomes:
After completing the course you will:
  • Understand the new provisions replacing the authorised share capital provisions in the Companies Act 1985;
  • Know when a statement of capital will be required;
  • Know the form and particulars with which a statement of capital must conform;
  • Be aware of a potential problem affecting the reporting of the amounts paid up on shares;
  • Know under what circumstances a company may alter its capital.
Level:
Specialist Difficulty: 5 of 5
Classification:
Legal Principles
Legislative Updates
Sources and References:
  • Companies Act 2006 s.10, 32, 108, 555, 562, 610, 617, 619, 621, 622, 623, 624, 625, 626, 627, 643(1), (2), (5), 644, 649, 663, 689, 708, 725, 730, 856,;
  • Company Law Directive (77/91/EC) Art 2;
  • Companies (Shares and Capital) Order 2009 (SI No. 2009/388);
  • Companies (Share Capital and Acquisition by Company of its Own Shares) Regulations 2009 (SI 2009/2022).

In this podcast, Martin Moore QC, barrister at specialist company law set Erskine Chambers updates listeners on the new Companies Act 2006 provisions affecting shares and capital arrangements. This podcast focusses on the introduction of a new statement of capital procedure and the circumstances in which such a statement will be required. Consideration is also given to the procedure for reducing or altering capital and the new self-help solvency statement which will be discussed in more detail in Part 2.

Podcast added: 08/12/09

Podcast last reviewed: 2011-04-26

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