Q&As

How may shares in a limited company be cancelled?

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Published by a LexisNexis Corporate expert
Published on: 08 May 2017
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A Limited company having a Share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a Company cannot simply be cancelled without following an appropriate procedure as permitted by that statutory provision. If a cancellation of shares is proposed using one of those procedures, the company must check for (and observe) any provisions

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Jurisdiction(s):
United Kingdom
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Key definition:
Share definition
What does Share mean?

A stake in a company which confers ownership rights on the holder. shares are also known as equities.

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