Resolution (member): reduction of share capital | Practical Law

Resolution (member): reduction of share capital | Practical Law

Shareholder resolutions to reduce or cancel a company's issued share capital by reducing (i) the number of shares, (ii) the nominal value of shares or (iii) the amount paid up on shares. Whichever resolution is used, it must be passed as a special resolution.

Resolution (member): reduction of share capital

Practical Law UK Standard Clause 4-506-1053 (Approx. 7 pages)

Resolution (member): reduction of share capital

by Practical Law Corporate
Maintained, England, Wales
Shareholder resolutions to reduce or cancel a company's issued share capital by reducing (i) the number of shares, (ii) the nominal value of shares or (iii) the amount paid up on shares. Whichever resolution is used, it must be passed as a special resolution.