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<h1>Reduction of share capital: companies may reduce capital with tribunal approval, creditor notice, accounting compliance and limited member liability.</h1> A company may, by special resolution and subject to Tribunal confirmation, reduce its share capital by extinguishing or reducing unpaid liability, cancelling lost or unrepresented paid-up capital, or paying off surplus paid-up capital; the Tribunal must notify and consider representations from government, Registrar, securities regulator and creditors, require accounting treatment conformity with accounting standards and an auditor's certificate, publish the order, and register certified particulars with the Registrar, while limiting members' liability and providing remedies where creditors were omitted.
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