Statement of Capital Form

The Share Capital Reduction – Guidance Notes should be read in advance of this document.

The Companies Act 2006 introduced a new way for private limited companies only to reduce the amount of their share capital.

Since 1 October 2008 private limited companies, as an alternative to passing a special resolution and obtaining court approval, have had the option of reducing the amount of their share capital by special resolution supported by a solvency statement made by the directors.

In order to reduce the amount of share capital through the solvency statement route, private companies must submit to Companies House the following within 15 days:

- the special resolution;
- the solvency statement;
- a statement of capital showing the alteration in the company’s share capital in Form SH19 (Section 644 & 649);
- a further statement of the directors under section 644(5) of the Companies Act 2006 confirming that the special resolution authorising the reduction of share capital was passed within 15 days of the date on which the solvency statement was made; and
- (since 6th April 2010) Fee of £10 for a standard service or £50 for a sameday service.

This document can also be found in Samples and Free, in the Companies House Forms folder and on Companies House website, www.companieshouse.gov.uk

This Form SH19 (Section 644 & 649) is in PDF format. You should complete the relevant fields and print it.

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