What is the requirement of Publicity during reduction of share capital?

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Publicity while share capital is reduced?

For a successful non-court approved capital reduction, the following steps need to be carried out:
A shareholders’ special resolution must be passed;
The board of directors makes a solvency statement (if required to do so); and
The company must comply with the publicity requirements.

The special resolution and the solvency statement (if any) must be publicly available for inspection.
To satisfy the publicity requirements, the company must lodge with ACRA, within 8 days beginning with the resolution date:
- A notice containing the text of the special resolution for reducing share capital;
- The resolution date; and
- The reduction information
The company may also publish a notice on the reduction in a Singapore daily newspaper.
If the capital reduction is successful, the information lodged will be made available for inspection for up to 1 month after the reduction.

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