Voluntary removal as director/shareholder and change of shares

Y

yeap

Registered User
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Hi all,

Just a quick question. Myself and two others set up a limited company using a formation company a while back and one of the directors/shareholders wishes to leave (all on very good terms) the company on all fronts (no money involved at present).

Having previously used a formation company I am wondering would it be better to use them again or go about it ourselves?

I have gathered so far we would need a letter of resignation from the other director stating they are relinquishing their shares/director status as well as sending of the form B10 and B1 to the CRO, is that correct?

Thanks for any help
 
You need to cancel or transfer the shares with a board meeting and minute it. You need a stock transfer form if transferring it. I don't think you will need to Estamp it for Revenue purpose but you should check this out.

You then need to physically cancel the share and update the company register.
 
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