kruthika
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Hi Can I know, When a Diminution of Share capital is not a reduction of Share capital?
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veeru
answered
Where the company cancels shares which have not been taken or agreed to be taken by any person [Section 94(1)(e) ]
Where the redeemable preference shares are redeem – Section 80
Where any shares are forfeited for non-payments of calls and such forfeiture amounts to reduction of capital
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Shubhangi Jain
answered
- Where the company cancels shares which have not been taken or agreed to be taken by any person [Section 94(1)(e) ]
- Where the redeemable preference shares are redeem – Section 80
- Where any shares are forfeited for non-payments of calls and such forfeiture amounts to reduction of capital
- Where the company buys – back its own shares under Section 77A
