Do all the directors have to sign the solvency statement in relation to a reduction of capital?

In accordance with section 643(1) of the Companies Act 2006 (CA 2006), a solvency statement must be in the Prescribed form and must state the date on which it is made, and the name of each director of the company. In particular, the statement must (in accordance with regulation 2 of the Companies (Reduction of Share Capital) Order 2008, SI 2008/1915 (SI 2008/1915, reg 2)):

1. •

   be in writing

2. •

   indicate that it is a solvency statement for the purposes of CA 2006, s 642, and

3. •

   be signed by each of the Directors

Each director must make the solvency statement on the same day, but there is no requirement that all directors must be in the same location when they make the statement. Counterparts are permitted but each