Get the free STATEMENT OF NOMINAL CAPITAL

FORM NO. NO OF CERTIFICATE THE STAMP DUTY ACT (CAP 480) (Section 39 and the schedule, article 8)., LIMITED STATEMENT OF NOMINAL CAPITAL (Note. The stamp duty on the nominal capital is shillings twenty

How to fill out statement of nominal capital

How to Fill Out Statement of Nominal Capital:

1. Start by gathering all relevant information regarding the company's capital structure. This includes the authorized capital, subscribed capital, and paid-up capital.
2. Begin the statement by stating the name of the company and its registered address.
3. Provide details about the authorized capital, such as the total authorized amount and the currency in which it is denominated.
4. Specify the subscribed capital, which is the portion of the authorized capital that shareholders have committed to purchasing. Include details such as the total subscribed amount and the currency.
5. Indicate the paid-up capital, which refers to the amount of money the shareholders have actually paid towards their subscribed capital. Include the total paid-up amount and the currency.
6. If the company has different classes of shares, detail the authorized, subscribed, and paid-up capital for each class separately.
7. Clearly state the date on which the statement is prepared.
8. Sign and date the statement, ensuring it is authorized by the company's directors or other authorized individuals.

Who Needs Statement of Nominal Capital?

1. Companies undergoing legal procedures such as incorporation or registration need to submit a statement of nominal capital to the relevant government authorities.
2. Shareholders and potential investors may require the statement of nominal capital to evaluate the financial health and capital structure of a company before making investment decisions.
3. Lenders and financial institutions may request the statement of nominal capital as part of their due diligence process when considering extending credit or loans to a company.
4. Regulatory bodies and tax authorities often require the statement of nominal capital for compliance and reporting purposes.

Remember, it is always recommended to consult with legal and financial professionals to ensure accurate completion of statement of nominal capital and compliance with applicable laws and regulations.

For pdfFiller’s FAQs

What is statement of nominal capital?

The statement of nominal capital is a document that discloses the nominal value of the company's authorized share capital.

Who is required to file statement of nominal capital?

All companies authorized to issue shares are required to file a statement of nominal capital.

How to fill out statement of nominal capital?

The statement of nominal capital can be filled out online or in paper form, and it must include details of the company's authorized share capital.

What is the purpose of statement of nominal capital?

The purpose of the statement of nominal capital is to provide transparency and accountability regarding the company's share capital structure.

What information must be reported on statement of nominal capital?

The statement of nominal capital must report the nominal value of the authorized share capital, the number of shares authorized, and any changes made to the share capital structure.

How can I manage my statement of nominal capital directly from Gmail?

Using pdfFiller's Gmail add-on, you can edit, fill out, and sign your statement of nominal capital and other papers directly in your email. You may get it through Google Workspace Marketplace. Make better use of your time by handling your papers and eSignatures.

How do I edit statement of nominal capital in Chrome?

statement of nominal capital can be edited, filled out, and signed with the pdfFiller Google Chrome Extension. You can open the editor right from a Google search page with just one click. Fillable documents can be done on any web-connected device without leaving Chrome.

Can I sign the statement of nominal capital electronically in Chrome?

Yes. You can use pdfFiller to sign documents and use all of the features of the PDF editor in one place if you add this solution to Chrome. In order to use the extension, you can draw or write an electronic signature. You can also upload a picture of your handwritten signature. There is no need to worry about how long it takes to sign your statement of nominal capital.