Companies Act 2014 section 1337

Interpretation (Chapter 5)

Section 1337 defines the key terms used in Chapter 5, which deals with the registration of joint stock companies under the Companies Act 2014.

• A joint stock company is one with permanent paid-up or nominal share capital of a fixed amount, divided into fixed shares or held as transferable stock, or a combination of both.
• Only holders of the company's shares or stock may be its members — no other persons can hold membership.
• When a joint stock company registers with limited liability under this chapter, it is treated as a company limited by shares.
• The terms "registration date" and "registration resolution" take their meanings from sections 1343 and 1338 respectively.