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Reduction of Capital is the method of diminishing a shareholder’s equity through cancellations and repurchase of shares that are held by them. The Capital reduction of the company is carried out for several reasons, with increasing shareholder value and producing a more efficient capital structure. Once a capital reduction is made, the number of shares in the company will decrease by the reduction amount
Also, Read: FAQs and Reduction of Capital Process Flow Chart.
Here, it may be noted that all concerned parties will make their representations within the three months from the date of receipt of notice and where no representations have been made from the side of Central Government, Registrar of Companies, SEBI, and Creditors, it shall be presumed that they have no objections to the said reduction.
Read, Also: Process for Buyback of Shares as per Companies Act 2013.
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