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  • Form Sh06

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In accordance with Section 644 & 649 of the Companies Act 2006. SH19 Statement of capital This form is only to be used for a reduction of capital, not to accompany an application to re-register.

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Give notice in compliance with the provisions of section 64 of the Companies Act, 2013, of the cancellation, to the Registrar in Form SH – 7, within thirty days of the passing of the resolution, along with the prescribed filing fee. The Registrar will record the alteration in the memorandum of the company.

Forfeiture of shares is the action taken by the company to cancel the shares and forfeit the money that has been paid so far.

Shares in a company cannot simply be cancelled without following an appropriate procedure as permitted by that statutory provision.

A notice of cancellation of shares, or SH06, is a form that private companies are obliged to file at Companies House every time you cancel shares.

Once the shares have been purchased, they will be treated as cancelled and Form SH06 must be filed with the Registrar of Companies within 28 days of the purchase. Failure to do so is an offence and the company and any officer of the company in default is liable to a fine if found guilty.

663Notice of cancellation of shares (1)Where a company cancels shares in order to comply with section 662, it must within one month after the shares are cancelled give notice to the registrar, specifying the shares cancelled. (2)The notice must be accompanied by a statement of capital.

Forfeiture of shares refers to the cancellation of allotment of shares to the shareholders by the company due to non payment of installments (application money or call money) Surrender of shares refers to the voluntary act of surrender of shares by the shareholder for cancelling the allotment of shares.

Cancellation of shares is the process by which a company cancels either already issued shares or the unissued ones. Normally, the Corporations Act in a bid to protect the interests of the shareholder forbids a company from reducing its shareholder funds unless it is shutting down the business.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232