Reduction of Capital
This query is : Resolved
18 November 2009
For increase in authorised capital form 5 has to be filed.
than for decrease in share capital with court approval what form has to be filed & when.
Kindly help me.
than for decrease in share capital with court approval what form has to be filed & when.
Kindly help me.
18 November 2009
A company can reduce its share capital with or without recalling shares. A decrease in share capital without calling in shares can be executed with or without repayment.
A decrease in share capital can take place without a change in the articles of association in those cases where the articles of association specify an upper or a lower limit for the share capital and the decrease does not go under the lower limit as specified in the articles. In the event that the articles of association specify a fixed amount for the share capital, an amendment to the articles must always be made. A decrease in the share capital requires the decision of a general meeting of shareholders unless a redemption restriction exists in the articles of association.
form no. 23 to be filed with special resolution.
A decrease in share capital can take place without a change in the articles of association in those cases where the articles of association specify an upper or a lower limit for the share capital and the decrease does not go under the lower limit as specified in the articles. In the event that the articles of association specify a fixed amount for the share capital, an amendment to the articles must always be made. A decrease in the share capital requires the decision of a general meeting of shareholders unless a redemption restriction exists in the articles of association.
form no. 23 to be filed with special resolution.
18 November 2009
You have to register court approval with ROC through filing of form-21 within 30 of court approval.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
