Decrease in paid up capital of the company

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Neetu Gupta (Querist)
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30 October 2012 can we decrease the authorized or paid up capital of any company whether public or private company.

if yes then what is the procedure for the same?

please provide your experts views....

CA bhargava

CA bhargava (Expert)
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30 October 2012 Authorised share capital does not signify any liability on part of the company. Its only the limits upto which the company can get its capitalised...
so to best of my understanding there is no procedure for reduction of share capital

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