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In accordance with Section 108 of the Companies Act 2006. SH19 Statement of capital This form is only to be used to accompany an application to re-register from unlimited to limited, not for a reduction.

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How to fill out the Sh19 Form online

Filling out the Sh19 Form online is a straightforward process that allows you to complete a statement of capital for a company re-registering from unlimited to limited. This guide provides step-by-step instructions to ensure you fill out the form correctly and efficiently.

Follow the steps to complete the Sh19 Form online.

  1. Press the ‘Get Form’ button to obtain the form and open it in the designated editor for online completion.
  2. Begin by entering the company details, including the company number and full company name. All fields are mandatory unless marked otherwise.
  3. In Section 2, provide the statement of capital by filling out the relevant fields that reflect the company's share capital upon re-registration. Complete the required sections about the shares held.
  4. For the statement of capital in pound sterling, fill in the table with information on each class of shares, including the amount paid up, any amount unpaid, the number of shares, and the aggregate nominal value.
  5. If applicable, complete Section 3 for shares held in other currencies, using a separate table for each currency as required.
  6. In Section 4, summarize the total number of shares and the total aggregate nominal value of issued share capital, listing values in different currencies if necessary.
  7. In Section 5, provide the prescribed particulars of rights attached to the shares for each class. Ensure accurate descriptions of voting rights, dividends, and other pertinent details.
  8. If there are more details to add, consider using the Statement of Capital continuation page to ensure all information is captured.
  9. Affix the necessary signatures in the signature section, ensuring that the person signing is authorized to do so under the Companies Act.
  10. Optionally, provide presenter information to facilitate any queries. This section is not mandatory but can assist Companies House.
  11. Review the checklist to confirm that the company name and number align with official records, all relevant sections are complete, and the form is signed properly.
  12. Once complete, you can save the changes, download, print, or share the form as needed.

Complete the Sh19 Form online today and ensure your company is correctly registered.

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Filing the SH19 Form can take anywhere from a few days to several weeks, depending on the processing times of the relevant authority. After submitting your form, you may need to wait for approval before the share capital reduction takes effect. To expedite your filing, ensure that all information is accurate and complete. US Legal Forms can assist you in preparing the SH19 Form correctly, potentially reducing delays.

To perform a share capital reduction, you must first draft a special resolution that outlines the intent to reduce share capital. Next, file the SH19 Form with the appropriate authorities, ensuring you include all required information. After submission, you will need to inform your shareholders and update your company records to reflect the changes. For guidance, consider using the US Legal Forms platform to access templates and resources that simplify this process.

(For example, if the shares are of face value of INR 100 each of which INR 75 has been paid, the company may reduce them to INR 75 fully paid-up shares and thus relieve the shareholders from liability on the uncalled capital of INR 25 per share); or.

Reduction of share capital means the reduction of issued, subscribed and paid-up capital of the Company. The reduction of capital is mainly done by companies for producing a more efficient capital structure.

This form can be used as a statement of capital by a private limited company reducing its capital supported by a solvency statement. You can also use this form for a private or public limited company reducing its capital supported by a court order.

Whilst there is not a specific form available to rectify mistakes made on forms SH02-SH19, it is still possible to file a correction. Complete the relevant form (I.e. SH02, SH19 etc) with the correct details. ... Please mark the completed form with 'Amended' using a pencil on the top. Send to Companies House.

A share capital reduction using a SH19 is an allowed way for limited companies to reduce their share capital without the need to meet the requirements to purchase own shares and immediately cancel them.

Capital reductions are generally done through share cancellations, paid-back capital, or share repurchases (buybacks). Companies do capital reductions for a variety of reasons, such as for increasing shareholder value or producing a more efficient capital structure.

The issue of reduction of capital is a matter of domestic concern, one for the decision of the majority, of the shareholders of the company. In other case it was held that reduction of the share capital of a company is a domestic concern of the company and the decision of the majority would prevail.

Note that Form SH19 (statement of capital) should be completed and filed in ance with section 644 of the Companies Act 2006, notwithstanding that for a reduction of the share premium account, the number of shares will remain unchanged and there is nowhere on the form to show the change to the reserve being ...

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