Filing a special resolution for share capital reduction under S78B/C

Before you file

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

Your local company must first pass a special resolution to reduce its share capital. Then, it needs to file the special resolution with ACRA.

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. On the "Reduction of share capital" page, click "Start new transaction".

Step 2: File your special resolution

Select the relevant transaction and add your special resolution details.

1. Under "Select the relevant transaction", select “File special resolution for reduction of share capital under S78B/C”. Then, click "Start".

2. Check the entity details to confirm that you are filing for the right entity.

3. Enter the date of the special resolution for capital reduction and upload a copy of the special resolution. Then, click "Review and confirm".

Step 3: Review and submit

1. Check that you have entered all information correctly. Then, tick the declaration box and click "Submit".

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

3. You will also receive a Bizfile notification that confirms your successful submission.

After you file

To reduce your share capital by:

• Seeking members' approval: File a publication for share capital reduction under section 78B or 78C.

• Filing an Order of Court: File notice of court for approval of reduction of share capital by special resolution under section S78G.

More details: Reducing share capital