FAQ

Can I delete a share class once shares are issued?

Cap table FAQ: can I delete a share class once shares are issued?

1 min readLast updated 19 May 2026
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Short answer

No. Blankitt refuses to delete a share class that has any holdings or transactions referencing it. Deleting it would orphan the holding rows and the transaction log, breaking the s113 register.

What you can do instead

  • Edit the class details — name, rights, authorised count, notes. Open the class row and click the edit icon.
  • Cancel outstanding shares — record a buyback to bring the class's issued-share count to zero, then delete the (now-empty) class.
  • Mark as historic — there's no explicit "archived" flag on share classes yet (it'll land alongside the multi-class waterfall in Phase 3 Month 3). For now, the convention is to keep the class active and add notes describing its current status.

Why no soft delete?

Statutory s113 wants the share class definition to be readable for as long as there are share certificates referencing it. Even after the last share is bought back, the class typically stays on the register so historical certs remain valid. Deletion is reserved for genuine mistakes — a class created in error before any shares were issued.

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