If in any problem , High Court orders to reduce Face Value of Equity Shares under Recounstruction scheme , then does it have any impact on Authorised Capital ?
1 Replies
Kunal Singhani
(student)
(21 Points)
Replied 12 August 2012
No.. Authorised capital remains the samr.. As the government is ordering to reduce the share capital but authorised capital is the maximum a company can have
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