Commentary Part 18: Acquisition by Limited Company of Its Own Shares Chapter 1: General Provisions Section 663: Notice of cancellation of shares
982.This section restates section 122(1)(f) and (2) of the 1985 Act and Schedule 24 to that Act. Subsections (2) and (3) update the current notice requirements to require a company that has cancelled shares in order to comply with section 662 to provide the registrar with a statement of capital (see note on section 619) at the time of giving notice of the cancellation.