250 Returns.U.K.
(1)M1A company shall for each of its accounting periods make, in accordance with this section, returns to the inspector of all share capital to which section 249 applies (“relevant share capital”) and which was issued by it in that period.
(2)M2A return shall be made for—
(a)each complete quarter falling within the accounting period, that is to say, each of the periods of three months ending with 31st March, 30th June, 30th September or 31st December which falls within that period;
(b)each part of the accounting period which is not a complete quarter and ends on the first (or only), or begins immediately after the last (or only), of those dates which falls within the accounting period;
(c)if none of those dates falls within the accounting period, the whole accounting period.
(3)A return for any period for which a return is required to be made under this section (a “return period”) shall be made within 30 days from the end of that period.
(4)M3No return need be made under this section by a company for any period in which it has issued no relevant share capital.
(5)The return made by a company for any return period shall state—
(a)the date on which any relevant share capital issued by it in the period was issued and, if different, the date on which the company was first required to issue it;
(b)particulars of the terms on which any such share capital so issued by it was issued; and
(c)what is, in relation to any such share capital so issued, the appropriate amount in cash.
(6)If it appears to the inspector that a company ought to have, but has not, made a return for any return period, he may (notwithstanding subsection (4) above) by notice require the company to make a return for that period within such time (not being less than 30 days) as may be specified in the notice; and a return required to be made under this subsection shall, if such be the case, state that no relevant share capital was issued in the period in question.
(7)As regards any share capital included in a return made under this section by a company, the inspector may by notice require the company to furnish him within such time (not being less than 30 days) as may be specified in the notice with such further information relating thereto as he may reasonably require for the purposes of sections 230 and 249, this section and section 251and paragraph 12of Schedule 19 F1.
Textual Amendments
F1Words in s. 250(7) repealed by Finance Act 1989 (c. 26), s. 187, Sch. 17 Part V (in relation to accounting periods beginning after 31 March 1989).
Marginal Citations
M1Source—1975 (No.2) Sch.8 7(1)
M2Source—1975 (No.2) Sch.8 7(2)
M3Source—1975 (No.2) Sch.8 7(3)-(6)