authorised capital reduction

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amir

amir (Querist)
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19 August 2010 Can unissued authorised capital of a company can be reduced???

POOJA SACHDEVA

POOJA SACHDEVA (Expert)
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19 August 2010 Dear

You can reduce authorised capital u/s94
but it is required confirmation through High Court and follwing long procedure, So you have to concerned with a good CS for this work

Regards

Pooja

amir

amir (Querist)
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22 August 2010 thanks for ur reply mam :)

But as per section 95(f) i can reduce it n ha its required High court permission but if i want to cancelled if through FORM 5 .
what ur suggestion about it .???

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POOJA SACHDEVA

POOJA SACHDEVA (Expert)
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22 August 2010 Dear

But from e form 5 you cannot reduce the capital. Form 5 is for increase in share capital

amir

amir (Querist)
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23 August 2010 yes mam, its for increase in share capital but in e form 5 there is option for cancellation . so through this can i reduces the same .

POOJA SACHDEVA

POOJA SACHDEVA (Expert)
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23 August 2010 Dear

No capital can be reduced without prior approval of high court cases under section 100