Get the free statement of nominal capital

Gen. Form No. A1 No. of Company. (Stamp) GOVERNMENT OF UGANDA STATEMENT OF NOMINAL CAPITAL In the matter of the Stamps Act and in the Matter of Limited I, of hereby state as follows: 1

How to fill out statement of nominal capital

Point by point, here's how to fill out a statement of nominal capital:

1. Start by providing your company's legal name and address. This information ensures that the statement is attributed correctly and can be easily located.
2. Indicate the date on which the statement is being prepared. This helps establish the currency and relevance of the capital provided.
3. Specify the company's total nominal capital amount. This refers to the authorized or stated capital that the company can raise from its shareholders or investors.
4. Break down the nominal capital into different classes or categories if applicable. Some companies have different types of shares or classes of stock, each with its specific nominal capital amount. Provide details for each class separately.
5. Explain the rights and privileges associated with each class of shares. This can include voting rights, dividend entitlements, liquidation preferences, or any other relevant characteristics.
6. If applicable, disclose any restrictions or limitations on the transferability of shares. Some companies may impose restrictions on the sale or transfer of shares, and these should be clearly mentioned.
7. Include any authorized share buyback provisions, if allowed. This refers to the company's ability to repurchase its own shares from shareholders under specific conditions.

Who needs a statement of nominal capital?

1. Companies issuing stock: A statement of nominal capital is essential for companies that issue shares or stock to keep a track of their authorized capital and comply with legal requirements.
2. Shareholders and investors: Individuals or entities investing in a company need to be aware of the company's nominal capital structure to assess their potential return on investment or ownership rights.
3. Regulatory bodies and government authorities: Authorities such as the Securities and Exchange Commission or tax authorities may require this information to ensure compliance with financial regulations and tax obligations.

Taking care to fill out a statement of nominal capital accurately and thoroughly is crucial for maintaining transparent financial records and compliance with legal obligations.

People Also Ask about

What is the nominal capital in Uganda?

The capital city and seat of Government is Kampala.

What is nominal and issued capital?

The amount of nominal value of shares held by shareholders is known as issued share capital. It represents the shares' par value, which has been distributed to shareholders. The amount that the shareholders have invested in the firm is shown by the issued share capital and share premium.

What is a statement of nominal capital?

Nominal capital is the aggregate par value of those shares that have been issued by a corporation. Since par value is typically set at $0.01 per share, the total nominal value of a company is quite low. In cases where there is no par value at all, a firm has no nominal capital. June 26, 2022 / Steven Bragg/

What do you fill out in a nominal capital statement?

What is a statement of nominal capital? The amount of nominal capital of a company. The number of shares issued. The value of each share issued.

How do you calculate nominal capital?

The formula for nominal share value is quite simple, and it is derived by dividing the paid-up share capital by the outstanding number of shares of the company. Paid-up share capital = $60,000. Retained earnings = $120,000 (redundant) Number of authorized shares = 2,500 (redundant) Number of outstanding shares = 2,000.

What is included in statement of capital?

The Companies Act 2006 prescribes the information that must be set out in a statement of capital, which includes the total number of shares issued by the company, the aggregate nominal value of those shares, the aggregate amount (if any) unpaid on the company's shares and certain information about each class of shares

Which capital is a part of nominal capital?

Known as the registered capital or nominal capital of the company, Authorised Capital is the maximum amount of share capital that a company is allowed to issue to its shareholders as per its constitutional documents. Shares are defined as the financial instruments that form units of the overall capital.

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What is statement of nominal capital?

A statement of nominal capital is a declaration that outlines the total amount of capital a corporation has authorized to issue to its shareholders, as specified in its articles of incorporation.

Who is required to file statement of nominal capital?

Corporations that are required to report their capital structure to state authorities or regulatory bodies must file a statement of nominal capital.

How to fill out statement of nominal capital?

To fill out a statement of nominal capital, a corporation must provide its name, state of incorporation, total number of shares authorized, par value of shares (if any), and total nominal capital.

What is the purpose of statement of nominal capital?

The purpose of the statement of nominal capital is to inform regulatory bodies about the corporation's capital structure, ensuring transparency and compliance with corporate regulations.

What information must be reported on statement of nominal capital?

The information that must be reported includes the corporation's name, state of incorporation, total number of authorized shares, par value of shares (if applicable), and the total nominal capital.