The conversation between human and AI assistant.
I would like to reduce the nominal value of my UK Limited company from 1GBP to 0.01GBP. Can someone tell me how I can do this?
Do I need to notify HM Revenue and Customs or any other regulatory body about this reduction in share capital?
No, you do not need to notify HM Revenue and Customs or any other regulatory body about this reduction in share capital. However, you should ensure that you have met all necessary requirements and have followed the correct procedures to avoid any legal or financial complications.