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Reduction of Authorised Share Capital

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(Querist)
22 February 2010 Hi
Can anybody tell me what is the procedure for reducing Authorised Capital of a private limited company without any change in Paid up Capital.
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Rasesh

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Rasesh (Expert)
22 February 2010 Authorised Capital does not signify any liability on part of the Company. It is only the limit upto which the company can get itself capitalised.

To the best of my understanding there is no procedure for cancellation of authorised capital.
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Ankur Garg

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Ankur Garg (Expert)
22 February 2010 Agree with Expert.
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