Reduction of capital

Co Act 2013 386 views 1 replies

Dear Mam/Sir,

One of the Company has been wrongly put up huge amount of Authorized and Paid up share capital while formation of the Company. Now Company wants to reduce the Authorized as well as Paid up Capital of the Company. But we are facing the issues. Please provide us less stringent way to reduce the capital of a Company. What are the options before us to reduce the Capital of a Company?

Thanking You,

Regards,

Cs. Rachana Daga.

Replies (1)
paid up capital reduction have some logical. and way is buy back. but reduction of authorize capital is not logical because you already paid stamp duty.. please tell me what is reason behind reduction of authorize capital.


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