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3.—(1) Section 641 of the Companies Act 2006 (ways in which company may reduce its share capital) has effect with the following adaptations.
(2) After subsection (1) insert—
“(1A) Where a company reduces its share capital under subsection (1)(a), the special resolution under this section must make any necessary alterations of the company’s memorandum by reducing the amount of its share capital and of its shares.”.
(3) In subsection (3) for “this section” substitute “subsection (1)(a)”.
(4) In subsection (6) for “the company’s articles” substitute “the company’s memorandum or articles”.
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