Diminution of share capital
This query is : Resolved
03 April 2010
What is meant by the term "diminution" of share capital? (Pl. quote the relevant section)
Thank you.
Thank you.
16 April 2010
Diminution of capital refers to the cancellation of shares which have not been taken or agreed to be taken by any person. It is differ from the reduction of capital and it is treated as an alteration of capital[Section 94(1)(e)].
Message likes :
1 times
16 April 2010
Please explain the meaning of the phrases
"shares which have not been taken" or "agreed to be taken".
Does that mean issued but unsubscribed shares?
"shares which have not been taken" or "agreed to be taken".
Does that mean issued but unsubscribed shares?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
