Nature of membership

The Companies Act 2006 (CA 2006) states that the subscribers to a company's memorandum of association are deemed to have agreed to become members of the company. On the company’s incorporation, they become its members and must be entered as such in its register of members. Following incorporation, a person becomes a member of a company after they have agreed to be a member and have had their name entered in its register of members.

Register of members

Every company (whether it has a share capital or not) is required to keep a register of members, which contains certain information about each of its members and former members. This register records and determines who the members of the company are. In addition, it provides information on issues such as whether: any shares in the company are held jointly; the company has issued share warrants and had those share warrants surrendered; the company is, or has been, a single member company (in the case of a limited company); and the company holds treasury shares following a share buyback. However, CA 2006 requires that no notice of any trust (expressed,

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Corporate News

How Listing Act measures will modernise EU capital markets

Law360, Expert analysis: European capital markets have faced significant challenges, prompting legislative efforts to boost competitiveness and attract investment. These efforts resulted in the Listing Act, which entered into force on 4 December 2024. Nicole Puppieni, senior associate, and Carla Lo Presti, lawyer, at Cleary Gottlieb Steen & Hamilton LLP, highlight some key provisions which will be applicable from 2025 and 2026, reflecting the complexity and breadth of these reforms.

Corporate weekly highlights—16 January 2025

This week's edition of Corporate weekly highlights includes the publication of ISS’s 2025 Proxy Voting Guidelines; the Home Office response to the House of Lords Committee report on the Modern Slavery Act; and the FCA’s consultation on the framework for the regulated trading platform for private company shares (PISCES). It also looks at how the EU’s new Listing Act measures will modernise EU capital markets; the publication of ESMA’s new Q&As on key EU financial regulations; and a recent EU Court of Justice case on the application of the Prospectus Regulation.

ICMA publishes Q1 2025 report on market practice and regulatory policy

The International Capital Market Association (ICMA) has published its first quarterly evaluation of market practice and regulatory policy for 2025. This issue encompasses rising capital markets, green finance, the capability of the EU securitisation framework, the oscillation for central clearing in the sovereign bond markets and fixed income exchange traded funds.

ISS Governance publishes 2025 Proxy Voting Guidelines for the UK and Ireland

ISS Governance has published its 2025 Proxy Voting Guidelines for the UK and Ireland, which will apply to shareholder meetings held on or after 1 February 2025. This guidelines encompass the benchmark policy updates announced and published by ISS Governance on 17 December 2024.