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Companies Act 1985

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Changes over time for: Section 11

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Version Superseded: 01/10/2009

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Point in time view as at 06/04/2008. This version of this provision has been superseded. Help about Status

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11 Minimum authorised capital (public companies).E+W+S

When a memorandum delivered to the registrar of companies under section 10 states that the association to be registered is to be a public company,[F1 the share capital stated in the memorandum to be that with which the company proposes to be registered—

(a)must have a nominal value of not less than the authorised minimum (as defined in section 763 of the Companies Act 2006); and

(b)to the extent necessary to comply with that requirement, must be denominated in accordance with section 765 of that Act (allotted share capital of public company to be denominated either in sterling or in euros but not partly in one and partly in the other).]

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