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Version date: 1 October 2009 - onwards
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547. Called-up share capital

In the Companies Acts -

"called-up share capital", in relation to a company, means so much of its share capital as equals the aggregate amount of the calls made on its shares (whether or not those calls have been paid), together with - (a) any share capital paid up without being called, and (b) any share capital to be paid on a specified future date under the articles, the terms of allotment of the relevant shares or any other arrangements for payment of those shares; and

"uncalled share capital" is to be construed accordingly.

Comparing proposed amendment...