Newly incorporated company capital reduction

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104 Points Posted on 06 August 2022
Can a newly incorporated company go for reduction of capital where authorised and paid up capital is 50L?
please suggest.
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On 06 August 2022 at 14:25 Report
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This discussion addresses whether a newly incorporated company can undertake a capital reduction, even if its authorised and paid-up capital is £50 lakh. The consensus is that it is possible, provided a special resolution is passed. The question also touches upon the feasibility of reducing fully paid-up capital.

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28271 Points Posted on 07 August 2022
A newly incorporated company can go for reduction of capital subject to special resolution.
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On 07 August 2022 at 11:17
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104 Points Posted on 08 August 2022
Fully paid up capital can be reduced?
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On 08 August 2022 at 10:15

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