Drown v Gaumont-British Picture Corporation Ltd
| Jurisdiction | England & Wales |
| Date | 1937 |
| Court | Chancery Division |
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25 cases
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First Nationwide v HM Revenue and Customs
...paid-up share capital. It did not fall within the scope of rules designed to protect against reduction of capital. In Drown v Gaumont-British Picture Corporation Limited [1937] 2 All ER 609 a shareholder failed to prevent a company from paying a dividend out of share premium; the premium wa......
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Permanent TSB Group Holdings Plc v McManus
...cancellation, they are available to be distributed, in accordance with the principles described in Drown v. Gaumont British Picture Corp [1937] Ch 402, as profits distributable by way of dividend.... In our opinion, therefore, once the statutory requirements for the cancellation of share p......
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First Nationwide v HM Revenue and Customs
...2 Ll Rep 233 DCC Holdings (UK) Ltd v R & C Commrs TAXWLR[2011] BTC 13; [2011] 1 WLR 44 Drown v Gaumont-British Picture Corp Ltd ELRUNK[1937] Ch 402; [1937] 2 All ER 609 Duff's Settlement Trusts, Re ELRELR[1951] Ch 923 (CA); [1951] Ch 721 Esso Petroleum Co Ltd v Ministry of Defence ELR[1990]......
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HMRC v First Nationwide
...under the trust. ... The share premiums would have been profits available for dividend (see Drown v Gaumont-British Picture Corporation [1937] Ch. 402), and if any part of them had been distributed by the company otherwise than in liquidation the amount received by trustees in respect of a ......
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