https://www.taxtmi.com/acts?id=12391 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. en-us Sat, 07 May 2011 16:51:30 +0530 Sat, 07 May 2011 16:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12391 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. Act-Rules Companies Law Sat, 07 May 2011 16:51:30 +0530 https://www.taxtmi.com/acts?id=12391