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Directors S644 5 Statement

Statement by Directors for Share Premium Reduction under Companies Act 2006

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Date last updated by lawyer: 19/09/2024
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What Is a Statement by Directors: Share Premium Reduction (S644)?

The document is typically required to be filed with the Companies House as part of the legal procedure for reducing the share premium. It demonstrates that the company's directors have ensured all legal requirements and conditions have been met for the reduction, safeguarding shareholders' interests.

This statement is crucial for maintaining corporate transparency and accountability, signifying that the directors have agreed to the usage of the share premium account for purposes such as distributing surplus funds back to shareholders. By submitting this document, companies adhere to statutory compliance and protect themselves from potential legal disputes.

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Who Should Use a Statement by Directors: Share Premium Reduction (S644)?

The "Statement by Directors: Share Premium Reduction (S644)" document is intended for use by UK companies looking to reduce their share premium account. This document serves as a formal declaration by the company's directors, confirming their decision and the legitimacy of the reduction process.

Other Names

Directors' Declaration: Share Premium Account ReductionDirectors' Statement: Reduction of Share PremiumBoard Statement: Share Premium Account AdjustmentDirectors' Confirmation: Share Premium ReductionBoard's Declaration: Decrease of Share Premium