Reserve share capital provisions restrict callability of increased or uncalled capital except for winding up purposes. On resolution to register as a limited company, an unlimited company with share capital may (i) increase the nominal amount of each share so that the ... Summary
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Reserve share capital provisions restrict callability of increased or uncalled capital except for winding up purposes.
On resolution to register as a limited company, an unlimited company with share capital may (i) increase the nominal amount of each share so that the increased capital is only callable in the event and for the purposes of winding up, and/or (ii) specify that a portion of its uncalled share capital shall not be callable except in the event and for the purposes of winding up.
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