Reduction of capital is a sensitive issue; managerially, financially, economically, and legally. Hence, reduction of capital by a company is always subject to confirmation by the Tribunal on an application made by the company. Company applying for reduction may either be a company limited by share or a company limited by guarantee but having a share capital. Reduction of capital must be approved by special resolution passed by the company. Reduction of capital of a company results in alteration of its memorandum by reducing the amount o fits share capital and of its shares accordingly. No reduction of capital shall be made if the company is in arrears in the repayment of any deposits accepted by it or the interest payable thereon.

Our well experienced staff members can take up your Business Restructuring process related legalities from start to finish in a very professional manner, and make the whole process as comfortable as a breeze for you. Furthermore, if you have any queries pertaining to the process in general or related to your business in particular, our executives can respond to them proficiently. So what are you waiting for? Just give us a call, or fill up our contact form, and our executives will gladly assist you further.

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