Cancel Shares (reduction, redemption, buy back)
This guide explains how to record a cancelation of share capital using Kudocs. Complete the required legal process offline, and use Kudocs to record and implement the changes after a reduction, redemption or buy back.
The action is available via:
- All actions.
This is a Record action only.
Kudocs manages your company so you can run your business
Select share cancellation type and classMore detail
Select shareholders affected and number of shares cancelled.
Outputs - all handled automatically by Kudocs
- Share cancellation registered.
- Share transaction section in shareholder page updated.
- Process information stored in Kudocs for future reference & any documents filed in document store.
- If selected, share certificates issued for the share cancellation.
- CoHse updated (by filing SH02, SH03 or SH06 – subject to the type of cancellation).