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Section 627: Notice to registrar of reduction of capital in connection with redenomination

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 17: A company's share capital — Chapter 8: Alteration of share capital

The notice must be accompanied by a statement of capital.

The statement of capital must state with respect to the company's share capital as reduced by the resolution—

the total number of shares of the company,
the aggregate nominal value of those shares,
the aggregate amount (if any) unpaid on those shares (whether on account of their nominal value or by way of premium), and
for each class of shares—
prescribed particulars of the rights attached to the shares,
the total number of shares of that class, and
the aggregate nominal value of shares of that class, ...
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The registrar must register the notice and the statement on receipt.

The reduction of capital is not effective until those documents are registered.

The company must also deliver to the registrar, within 15 days after the resolution is passed, a statement by the directors confirming that the reduction in share capital is in accordance with section 626(4) (reduction of capital not to exceed 10% of nominal value of allotted shares immediately after reduction).

If default is made in complying with this section, an offence is committed by—

the company, and
every officer of the company who is in default.

A person guilty of an offence under this section is liable—

on conviction on indictment to a fine, and
on summary conviction to a fine not exceeding the statutory maximum.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.