Corporate law - Case Study Example

Only on StudentShare

Extract of sample
Corporate law

The exception to this is that the reserve may be applied by the company in paying up its unissued shares which are to be allotted to company members as fully paid bonus shares.
Further, if the permissible capital payment exceeds the nominal amount of the shares redeemed or purchased, the amount of any capital redemption reserve, share premium account or fully paid share capital of the company, and any amount representing unrealised profits of the company for the time being standing to the credit of any revaluation reserve, may be reduced by a sum not exceeding, or by sums not in the aggregate exceeding, the amount by which the permissible capital payment exceeds the nominal value of the shares.4
Where, however, the proceeds of a fresh issue are applied by a company in making any redemption or purchase of its own shares in addition to a payment from its capital under these provisions, the references to the permissible capital payment are to be read as referring to the total amount of that payment and those proceeds.
The CRR is mainly used to ens ...Show more


Where company shares are redeemed or purchased wholly out of a company's profits, the amount by which the company's issued share capital is reduced on cancellation of the shares which are redeemed or purchased or on cancellation of shares held as treasury shares must be transferred to the capital redemption reserve (CRR).2 If the shares are redeemed or purchased from the proceeds of a fresh issue and the total amount of those proceeds is less than the total nominal value of the shares redeemed or purchased, the difference in amount must be transferred to the CRR…
Author : xcollier
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"Corporate law Case Study"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporation Law case study
However, if notice was given but the meeting was called for a date before the 2 mos expires, the resolution can be dealt with (s 203D(2) and s 329(1A)). This decision of such issue requires the shareholders meetin approval. There are two types of resolutions.3
10 pages (2500 words) Essay
Criminal Law: case study
Under the spell of rage and anger, he punched peter who collapsed, was struck with the corner of a cabinet and had ultimately died, before the medical aids arrived. There are two ways to look at whole scenario, from legal perspective. In this scenario there are two offenders.
9 pages (2250 words) Case Study
Law course (case study)
Sherman's last minute cancellation of his counteroffer at $ 80,000 results in serious misunderstanding in the mind of the prospective buyer, William Lyon. Technically, Edward Sherman does not appear to be in any trouble. His agent, V.R. Brokers' principal, Robert Renault, conveys Sherman's decision to cancel the counteroffer to Lyon just before Lyon could hand over the counteroffer, signed and accepted by him, to Renault.
2 pages (500 words) Case Study
Corporate Social Responsibility Case Study
It is difficult to measure Corporate Social Responsibility (CSR) on the basis of profits or loss of a company. The nature of CSR is internal or external to a company. That is, the company may choose to internalize CSR by integrating CSR standards to its daily routine such as the one followed by us at Nestle (Nestle, 2010).
8 pages (2000 words) Case Study
Corporate strategy case study
The project has in fact a long spanning history of 250 years when people in France were thinking of a better way of crossing the Channel. 1 The Academy of Amines launched a competition on how to cross the channel in 1751 and the winner turned out to be a man called Nicolas Desmarets, who suggested construction of a tunnel.
14 pages (3500 words) Essay
Company Law. "Case Study"
Duty not to benefit from third parties: Any benefits obtained in this way will have to be accounted for to the company even if the company benefits as well. All directors who face actual or possible conflicts of interest by virtue of their position must either obtain authority to act, or remove the possibility of the conflict, or resign as directors.
10 pages (2500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email