Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Reduction of share capital: company may reduce capital by special resolution subject to Tribunal confirmation.</h1> Where articles permit and a company passes a special resolution, subject to confirmation by the Tribunal, it may reduce its share capital by extinguishing or reducing liability on unpaid shares, cancelling paid up capital lost or unrepresented by assets, or paying off paid up capital in excess of the company's requirements, and may alter its memorandum to reflect the reduced capital.