Filing a publication for share capital reduction (members' approval)

Before you file

This guide explains how to file a publication for the proposed reduction of share capital under section 78B or 78C.

You may only file this publication after you file a special resolution for the reduction of share capital.

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: Enter share reduction details

Required details include:

• Key points of the special resolution

• Nature of reduction

• Share capital information on reduction

Note: When entering text, use only alphanumeric characters (letters A-Z, a-z and numbers 0-9), full stops, forward slashes (/) and ampersands (&). No other special characters are allowed.

1. On the "Reduction of share capital" page, select “File publication for proposed reduction of share capital under section 78B/C”. Then, click "Start".ect the relevant transaction", select “File publication for proposed reduction of share capital under section 78B/C”. Then, click "Start".

2. Check the entity details and enter the key points of the special resolution. Then, select one or more options under "Nature of reduction".

3. (Other nature of reduction) If your situation does not match any of the listed options, select "Others" and enter details of the other nature of reduction.

5. Update the number of shares, issued share capital and paid-up share capital (where applicable). Then, click "Save" followed by "Review and confirm".

Step 3: Review and submit

1. Check that you have entered all information correctly.

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

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

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

After you file

Creditors have up to six weeks from the date of the special resolution to file any objections with the Court.

If no objections are received after the six-week period, you may proceed to file a reduction of share capital by special resolution under section 78E.

More details: Reducing share capital

Related pages

• Shares and updating share information