Dear Experts,
We are having share capital of Rs. 4 lacs and we want to reduce it to Rs. 1 lakh.
Now what is the procedure for this.
What will be the amount of expenses to be incurred in the process?
Menu
Reduction of share capital
Replies (1)
a company proposing to reduce its share capital is required to take the following procedural steps:
1. Make sure that its articles of association contain a provision authorising it to reduce its share capital. If there is no such provision then the articles have to be altered in accordance with the provisions of Section 31 of the Companies Act, 1956, before attempting a reduction in its share capital, in any way.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
