Reduction of Authorised Share Capital
This query is : Resolved
JNANESHWARA KASHYAP
(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.
Can anybody tell me what is the procedure for reducing Authorised Capital of a private limited company without any change in Paid up Capital.
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.
To the best of my understanding there is no procedure for cancellation of authorised capital.
Ankur Garg
(Expert)
22 February 2010
Agree with Expert.
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