CALL US ON 08456 800 727
EFFECT OF BUYBACK AND POST BUYBACK REQUIREMENTS

  • The shares bought back will usually be treated as cancelled and the amount of the company's issued share capital is reduced.
  • Stamp duty is payable on the transfer where the consideration exceeds £1,000.
  • There are various Companies House filing requirements.
  • The company's registers will have to be updated.
  • A copy of the share buyback contract must be kept available for inspection by shareholders (at the registered office or some other place notified to Companies House as an alternative inspection location) for a period of 10 years beginning with the date of purchase.
  • The accounts for the period in which the shares were bought back must include appropriate disclosures relating to the buyback.


BACK

The information provided on this website is intended as a general guide only. It is not exhaustive or tailored to your individual circumstances. Please consult our Website Terms of Use for further information.


Services

Helpful Information

About Legal Clarity

Accountants

View details of our service here.

Solicitors

View details of our service here.

Free Company Name Check

Is your choice of company name available?

Click here to check.


© 2015 Legal Clarity Limited: Corporate & Commercial Legal Services - Company Formation - Company Secretarial Registered in England and Wales (number 6452925) and authorised and regulated by the Solicitors Regulation Authority (SRA number 573589). Avebury House, 55 Newhall Street, Birmingham B3 3RB. Tel: 08456 800 727. VAT registration number 925709016.