CTC - Corporate Finance Training programmes Schemes and Reductions and Buybacks private companies

An explanation of course levels:

Introductory: for those new to the subject.
Intermediate: for delegates with some prior knowledge of the subject.
Advanced: for delegates with substantial knowledge of the subject.
Update: for delegates with or without prior knowledge of the subject.

Share capital and capital re-organisations

Reductions and buybacks: private companies

An intermediate course which will be of benefit to those with basic experience in corporate law.

CPD: 3 hours

Level: intermediate

OBJECTIVES

The course covers Companies Act procedures relating to purchase of own shares and reductions of capital.

As a result of attending participants should be able to advise on a purchase of own shares by a private company and know how to structure a purchase of own shares out of capital for a private company.

Participants should understand the main reasons why reductions of capital are used in practice and know how to use a reduction of capital to eliminate a deficit in distributable reserves.

COURSE OUTLINE

Part 1. purchase of own shares

Statutory provisions relating to a purchase of own shares by a private company.
The procedure for a buyback by a private company out of capital.
Why use a buyback rather than a reduction of capital.
Changes made by the Companies Act 2006.

PART 2. reductions of capital requiring court approval

The requirements for a reduction of capital and the relevant procedure.
The most common reasons for a reduction of capital.
How to use a reduction of capital to eliminate a deficit in distributable reserves.
Matters to be considered by the court and how to protect creditors.
Procedure, including court requirements.

PART 3: reductions of capital not requiring court approval

The statutory procedure for reductions by private companies under the Companies Act 2006.
What the procedure involves.
When the procedure can be used.
The liabilities for directors.