Statutory Declaration Of Solvency CH Form 173 – Pre Oct 2009
CO.SH.PR.06
This form has been superseded by the new procedure under the Companies Act 2006. Please see the "Own Share Purchase Out of Profits/New Share Issue - Guidance Notes" in the related document links below for more information.
In order for a private limited company to purchase shares in itself out of capital the directors must make a Statutory Declaration of Solvency in addition to the special resolution to approve the use of capital.
The Statutory Declaration of Solvency is a statement that each of the directors is of the opinion that the company will be able to meet its obligations and discharge its debts over the next 12 month period, or in the event of its winding up.
This Statutory Declaration of Solvency is in the prescribed form which is Companies House Form 173. Please note that even though the form refers to the Companies Act 1985 it is still applicable to the Oct changes introduced by the Companies Act 2006, and can be used in the process for private limited companies to purchase their own shares out of capital.
Once you have subscribed to the Corporate Document Folder click on the "Download Document" button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
In order for a private limited company to purchase shares in itself out of capital the directors must make a Statutory Declaration of Solvency in addition to the special resolution to approve the use of capital.
The Statutory Declaration of Solvency is a statement that each of the directors is of the opinion that the company will be able to meet its obligations and discharge its debts over the next 12 month period, or in the event of its winding up.
This Statutory Declaration of Solvency is in the prescribed form which is Companies House Form 173. Please note that even though the form refers to the Companies Act 1985 it is still applicable to the Oct changes introduced by the Companies Act 2006, and can be used in the process for private limited companies to purchase their own shares out of capital.
Once you have subscribed to the Corporate Document Folder click on the "Download Document" button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
Statutory Declaration Of Solvency CH Form 173 – Pre Oct 2009 is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.