78E. Position at end of period for creditor objections

a private company passes a special resolution for reducing its share capital and meets the requirements under section 78B(1)(c) and the solvency requirements under section 78B(3) (if applicable); and

no application for cancellation of the resolution has been made under section 78D(2) during the 6 weeks beginning with the resolution date,for the reduction of share capital to take effect, the company must lodge with the Registrar —

a copy of the resolution in accordance with section 186; and

the following documents after the end of 6 weeks, and before the end of 8 weeks, beginning with the resolution date:

a copy of the solvency statement under section 78B(3) (if applicable);

a statement made by the directors confirming that the requirements under section 78B(1)(c) and the solvency requirements under section 78B(3) (if applicable) have been complied with, and that no application for cancellation of the resolution has been made;

a notice containing the reduction information.

a public company passes a special resolution for reducing its share capital and meets the requirements under section 78C(1)(c) and the solvency requirements (if applicable) under section 78C(3); and

no application for cancellation of the resolution has been made under section 78D(2) during the 6 weeks beginning with the resolution date,for the reduction of share capital to take effect, the company must lodge with the Registrar the following documents after the end of 6 weeks, and before the end of 8 weeks, beginning with the resolution date:

a statement made by the directors confirming that the requirements under section 78C(1)(c) and the solvency requirements under section 78C(3) (if applicable) have been complied with, and that no application for cancellation of the resolution has been made;

a notice containing the reduction information.

a private company passes a special resolution for reducing its share capital and meets the requirements under section 78B(1)(c) and the solvency requirements under section 78B(3) (if applicable); but(b)during the 6 weeks beginning with the resolution date, one or more applications for cancellation of the resolution are made under section 78D(2),for the reduction of share capital to take effect, the following conditions must be satisfied:

the company has complied with section 78D(4)(b) (notification to Registrar) in relation to all such applications;

the proceedings in relation to each such application have been brought to an end —

by the dismissal of the application under section 78F; or

without determination (for example, because the application has been withdrawn);

the company has, within 15 days beginning with the date on which the last such proceedings were brought to an end in accordance with paragraph (d), lodged with the Registrar —

a statement made by the directors confirming that the requirements under section 78B(1)(c), the solvency requirements under section 78B(3) (if applicable) and section 78D(4)(b) have been complied with, and that the proceedings in relation to each such application have been brought to an end by the dismissal of the application or without determination;

in relation to each such application which has been dismissed by the Court, a copy of the order of the Court dismissing the application; and

a notice containing the reduction information.

a public company passes a special resolution for reducing its share capital and meets the requirements under section 78C(1)(c) and the solvency requirements under section 78C(3) (if applicable); but(b)during the 6 weeks beginning with the resolution date, one or more applications for cancellation of the resolution are made under section 78D(2),for the reduction of capital to take effect, the following conditions must be satisfied:

the company has complied with section 78D(4)(b) (notification to Registrar) in relation to all such applications;

the proceedings in relation to each such application have been brought to an end —

by the dismissal of the application under section 78F; or

without determination (for example, because the application has been withdrawn);

the company has, within 15 days beginning with the date on which the last such proceedings were brought to an end in accordance with paragraph (d), lodged with the Registrar —

a statement made by the directors confirming that the requirements under section 78C(1)(c), the solvency requirements under section 78C(3) (if applicable) and section 78D(4) have been complied with, and that the proceedings in relation to each such application have been brought to an end by the dismissal of the application or without determination;

in relation to each such application which has been dismissed by the Court, a copy of the order of the Court dismissing the application; and

a notice containing the reduction information.