https://www.taxtmi.com/manuals?id=614 Reduction of Share Capital denotes diminution of issued, subscribed and paid up capital and, when authorized by the articles, may be effected by a company limited by shares or guarantee by a special resolution subject to Tribunal confirmation. Measures include extinguishing or reducing liability on unpaid shares, canceling paid up capital lost or unrepresented by assets, and paying off surplus paid up capital, with alteration of the memorandum as necessary. Creditors entitled to object must consent, be discharged, or have debts secured before the Tribunal will confirm the reduction. en-us Fri, 01 Jun 2012 16:10:00 +0530 Thu, 07 Jun 2012 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=614 Reduction of Share Capital denotes diminution of issued, subscribed and paid up capital and, when authorized by the articles, may be effected by a company limited by shares or guarantee by a special resolution subject to Tribunal confirmation. Measures include extinguishing or reducing liability on unpaid shares, canceling paid up capital lost or unrepresented by assets, and paying off surplus paid up capital, with alteration of the memorandum as necessary. Creditors entitled to object must consent, be discharged, or have debts secured before the Tribunal will confirm the reduction. Manuals Companies Law Fri, 01 Jun 2012 16:10:00 +0530 https://www.taxtmi.com/manuals?id=614