Filing a court order to approve share capital reduction (Order of Court)

Before you file

This guide explains how to file a notice of court order for approval of the reduction of share capital by special resolution under section 78G.

Step 1: Log in to Bizfile and open the “Update reduction of share capital” eService

Follow these steps to navigate to the Update reduction of share capital eService.

Note: All entity and personal information (including UEN, entity details, NRIC or FIN numbers, names and addresses) shown are dummy data for illustration purposes only.

1. Click "Login" on the Bizfile homepage and select "Business User" to log in via Corppass.

2. Check that the correct entity name appears on the top menu bar and dashboard.

3. (CSP) On the "My profile – Select profile” page, click on the “Corporate Service Provider” tab. If you belong to more than one CSP firm, select your CSP firm from the dropdown list.

6. The "Overview of share capital reduction" page will show that the special resolution has been filed. Click "Continue reduction" to proceed.

Step 2: File court order details

After you select the relevant transaction:

• Enter the date of the court order; and

• Upload a copy of the court order.

1. On the "Reduction of share capital" page, select “File notice of court order for approval of reduction of share capital by special resolution under S78G”. Then, click "Start".

2. Enter the date of the court order. Then, upload a copy of the court order. State whether an extension of time under section 78I has been filed.

3. (Extension of time filed) Provide the court reference number and click "Retrieve information".

Step 3: Update share details

Make changes to your company's share capital and shareholding details.

1. Expand the relevant share capital section and click "Edit".

2. (Update shareholding details) Expand the relevant shareholder and click “Edit”.

3. (Update group shares) Expand the relevant group and click "Edit".

5. If the updates reduce any shareholder's shares to zero, confirm if your company qualifies as an exempt private company. Then, click "Review and confirm".

Step 4: Review and submit

1. On the "Review and confirm" page, check that you have entered all information correctly.

2. Tick the declaration box and click "Submit".

3. After successful submission, you will receive an acknowledgement message.

4. You will also see a Bizfile notification that confirms the successful submission.

After you file

You can check the reduction in share capital immediately:

1. Click "View entity details" on your entity's dashboard.

2. Click "Share capital and shareholders".

Related pages

• Reducing share capital