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Share Capital of Private Limited Company

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(Querist)
25 May 2020 Dear Expert,

Can the share capital of private limited can be reduced below 1 lakh.

If yes, then whether there not be any consequences
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 May 2020 Yes follow the provisions.
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Helper

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Helper (Querist)
26 May 2020 By complying sec 66 , I can reduce the sharecapital even below 1 lakh
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