Why I hate Politicians, number 1,764.

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As far as I can see, the cited amendment has not changed the minimum capital requirement for public limited companies. It merely amended the original legislation dealing with five yearly revisions in line with prevailing economic conditions.

I would guess this amendment pre-empts a reduction in the minimum capital requirement in due course.

Coincidently, at the moment, UK company legislation requires public limited companies to incorporate with a minimum capital of ?50,000, a figure that could be revised downwards by quite a wide margin as things stand.

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