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NO. OF CERTIFICATEForm Note STAMP DUTY ACT (Cap. 480, First Schedule, Article 8) ... ..LIMITEDSTATEMENT OF NOMINAL CAPITAL (Note: The Stamp Duty of an increase of Nominal Capital is Shilling One for

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How to fill out statement of nominal capital

01

To fill out a statement of nominal capital, follow these steps:

02

Start by entering the name of the company at the top of the form.

03

Provide the registered address of the company.

04

Specify the amount of the nominal capital. This is the initial capital that the company is authorized to raise from its shareholders.

05

Indicate the currency in which the nominal capital is being stated.

06

List the names and addresses of the shareholders along with the respective number of shares they hold.

07

Calculate the total nominal capital by adding up the shares held by each shareholder.

08

Include any additional information or details required by the relevant authorities.

09

Sign and date the statement of nominal capital.

10

Submit the completed form to the appropriate authority or maintain it for internal record keeping purposes.

Who needs statement of nominal capital?

01

A statement of nominal capital is typically needed by:

02

- Companies during their registration process to provide information about the initial capital they have for their operations.

03

- Shareholders, investors, or potential business partners who want to understand the financial structure of a company.

04

- Regulatory authorities or government agencies responsible for monitoring and regulating corporate activities.

05

- Auditors or accountants who may require this information for financial reporting purposes.

06

- Banks or lenders that need to assess the financial health and stability of a company before providing loans or credit.

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What is statement of nominal capital?

Statement of nominal capital is a document that shows the authorized capital of a company.

Who is required to file statement of nominal capital?

Companies that are registered with the appropriate government authorities are required to file a statement of nominal capital.

How to fill out statement of nominal capital?

To fill out a statement of nominal capital, you need to provide details of the authorized capital of the company, including the number of authorized shares and their nominal value.

What is the purpose of statement of nominal capital?

The purpose of statement of nominal capital is to provide transparency about the capital structure of a company.

What information must be reported on statement of nominal capital?

The statement of nominal capital must include details of the authorized capital, such as the number of shares and their nominal value.

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