According to section 100 of the companies act,
reduction of capital may take the following forms.
if the shares of the company are not fully paid upand the company feels that additional funds are not required by it company may decide to reduce the liability on any of its shares.
so my question is after one time reducing,can company call the money on that shares of which uncalled portion is camcelled? or for meeting the funds the company have to issue new shares?
thank you very much to everyone whosoever replies me in advance.
CAclubindia
