Board Minutes – Consolidation & Sub-Division
The consolidation & sub-division of share capital are the means by which a company may consolidate or sub-divide all or any part of its share capital in accordance with section 618 of the Companies Act 2006.
Further details about what consolidation & sub-division are, why they may be undertaken and the procedure to be undertaken is available in our Guidance Note.
What these board minutes do
- Record the board’s decision to recommend a consolidation or sub-division of the company’s share capital.
- Confirm the recommendation is subject to obtaining shareholder approval by ordinary resolution.
Check the articles before proceeding
A company must review its articles to check they do not exclude the proposed consolidation or sub-division.
These board minutes have been drafted for use by a company considering either a consolidation or a sub-division of its share capital.
Follow-on documents and Companies House filing
- These board minutes should be followed up by our Shareholders’ Ordinary Resolution for consolidation & sub-division.
- Companies House Form SH02 must be filed with the Registrar within one month of the procedure having taken place.
All these documents are available in this sub-folder.
Form SH02 is available on Companies House website www.companieshouse.gov.uk.
Board Minutes – Consolidation & Sub-Division is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.