Section 644 - Statement By Directors
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: This document is If a written resolution was used to pass the special resolution, then the words in the second pair of square brackets in numbered paragraph 2 of Section 644 – Statement by Directors should be deleted. If a general meeting was used to pass the special resolution, then the words in the first pair of square brackets in numbered paragraph 2 of Section 644 – Statement by Directors should be deleted. Once you have subscribed to the appropriate 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. Section 644 - Statement By Directors is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.
- 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
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