According to section 100 of the compnies act,1956 reduction of capital may take the following forms.
PAYING OFF ANY PAID UP SHARE CAPITAL
so my question is when can a company will like to pay off its paid up share capital? if it is paying because of surplus capital then why uptill noe dividend hasnt been declared? why company is not making investment? can company call that money back which it has one time paid for the purpose reducing paid up capital? can prctically companies pay off their paid up capital? if yes then example.
CAclubindia
