Reduction of share capital: registration of Tribunal order and minute creates conclusive corporate record and substitutes the memorandum. Registration of a share capital reduction requires the Registrar to receive a Tribunal order confirming the reduction and a certified minute showing the ... Summary
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Reduction of share capital: registration of Tribunal order and minute creates conclusive corporate record and substitutes the memorandum.
Registration of a share capital reduction requires the Registrar to receive a Tribunal order confirming the reduction and a certified minute showing the altered capital, number of shares, amount of each share, and any amount deemed paid-up; the Registrar must register and cause publication as directed. Registration cannot precede the effective resolution; the Registrar's certificate is conclusive evidence of compliance and the registered minute substitutes for and alters the corresponding part of the memorandum.
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