Company law · Rarely, but covered

Rare company-law machinery

Companies Act 2006 (c. 46) · Only when the event happens

Some company-law events happen once in a decade, or never, for a typical private company. A purchase of own shares, where the company buys back its own shares, is notified to Companies House within twenty-eight days on form SH03, with a further form to cancel the shares. A reduction of share capital by the solvency-statement route is filed within fifteen days of the resolution on form SH19, and there is a separate court route. Re-registration changes the company's type, for example from private to public, or from unlimited to limited.

These duties, along with financial assistance rules, variation of class rights and redenomination of shares, are real parts of the Companies Act 2006, but they do not fire for most companies in an ordinary year. They belong in the tail of the Act, covered so that a company facing one of them has the tool, but never opened by a company that does not need it.

The Capital Transactions working file in the ComplianceSME Companies Act 2006 system stays dormant until you name the event. When you do, it takes you through the resolution, the solvency or approval test and the filing deadline for that transaction. It asks you which event has occurred, one question at a time, then produces the evidence that the machinery was operated correctly. If none of these apply to you, you do not run it at all.

Everything beyond the Companies Act 2006 has its own system in the full register.