MultiSoft plc was incorporated in 2019. Its memorandum states that it has an authorised share capital of 2 million. Since then, it has allotted and issued 1.2 million shares, all with a nominal value of 1.50. The terms of all allotments to date have provided that shares can be partly paid for with a minimum of 90 pence payable at allotment and the remainder due when called for. Of the 1.2 million shares, 500,000 have 90 pence paid up, 400,000 have 1.20 paid up, and the remainder are fully paid up. The company calls for 10 pence per share on all unpaid shares, but not all the members pay the called-for amount.

Based on the information provided, calculate Multisoft's:

issued share capital

unissued share capital

paid-up capital

called-up capital

uncalled capital.

Q. 2

"Clearly, insider dealing and other forms of market abuse undermine the efficiency of the stock market. If left unchecked, this would lead to a belief that the stock market in the UK is unfair, allowing investors with inside information to take advantage of those without it." Paul Barnes, Professor of Fraud Risk Management, Nottingham Business School.

Requirement

Critically evaluate whether it is in the public interest to regulate against insider dealing and market abuse.