645 Application to court for order of confirmation
Companies Act 2006 | Legislation

Reduction of capital confirmed by the court

645  Application to court for order of confirmation

(1)     Where a company has passed a resolution for reducing share capital, it may apply to the court for an order confirming the reduction.

(2)     If the proposed reduction of capital involves either—

(a)     diminution of liability in respect of unpaid share capital, or

(b)     the payment to a shareholder of any paid-up share capital,

section 646 (creditors entitled to object to reduction) applies unless the court directs otherwise.

(3)     The court may, if having regard to any special circumstances of the case it thinks proper to do

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