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)].
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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?
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