The resolution for reducing share capital, as confirmed by the court's order, takes effect—
in the case of a reduction of share capital that forms part of a compromise or arrangement sanctioned by the court under Part 26 (arrangements and reconstructions: general)—
on delivery of the order and statement of capital to the registrar, or
if the court so orders, on the registration of the order and statement of capital;
in the case of a reduction of share capital that forms part of a compromise or arrangement sanctioned by the court under Part 26A (arrangements and reconstructions: companies in financial difficulty)—
in the case of any company other than one to which sub-paragraph (ii) applies, on delivery of the order and statement of capital to the registrar;
in the case of an overseas company that is not required to register particulars under section 1046, on publication of the order and statement of capital in the Gazette;
in either case, if the court so orders, on the registration of the order and statement of capital;
in any case not falling within paragraph (a) or (aa), on the registration of the order and statement of capital.
Notice of the registration of the order and statement of capital must be published in such manner as the court may direct.
The registrar must certify the registration of the order and statement of capital.
The certificate—
must be signed by the registrar or authenticated by the registrar's official seal, and
is conclusive evidence—
that the requirements of this Act with respect to the reduction of share capital have been complied with, and
that the company's share capital is as stated in the statement of capital.
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