Reviewed case brief

Ooregum Gold Mining Co of India v Roper

[1892] AC 125

[1892] AC 125 · House of Lords

share-capitaldiscount-sharescapital-maintenancepar-value
Court
House of Lords
Year
1892
Subjects
Company Law
Reviewed
2026-08-02

Rule established

Shares cannot be issued at a discount to their nominal (par) value; the capital represented by shares must be maintained intact for the protection of creditors

Facts

    Issues

      Held

        Ratio decidendi

        How to use it in an exam

        Editorial source

        House of Lords

        Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.