kruthika
asked almost 3 years ago
Hi Can I know, When a Diminution of Share capital is not a reduction of Share capital?
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2 Answers
veeru
answered over 2 years ago
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 almost 3 years ago
- 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
