Letter To Companies House - Share Capital Reduction

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

Solvency statement route for private companies under the Companies Act 2006

The 2006 Act has introduced a new way for private companies to reduce the amount of their share capital through a special resolution supported by a solvency statement made by the directors.

Filing package to Companies House (within 15 days)

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 same day service.

Use this letter as a Companies House covering letter

This Letter to Companies House – Share Capital Reduction is to be used as a cover letter for all of the relevant documents when they are filed with Companies House for registration.

Basis for this template (implemented 1 October 2008)

This Letter to Companies House - Share Capital Reduction has been created in line with the Companies Act 2006 provisions which were implemented on 1 st October 2008.

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