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C/F/662. Capital maintenance and permitted capital payment for redemption of shares of Webb Ltd
- WORDS:
- 2000
- DATE:
- 2010
- PRICE:
- 29.99 GBP
The paper examines the use of reserves by Webb Ltd explaining the nature of statutory reserve, redenomination reserve, capital redemption reserve, and share premium. The balance sheet of Webb Ltd is analysed calculating permissible capital payment and discussing the safeguard of capital for company members.
KEYWORDS: Webb Ltd, use of reserve, permissible capital payment, capital maintenance, company law, redeemable shares,
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