Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
Yes, you can reduce authorized capital up to an amount that is equal to or more than paid up capital.
Steps to reduce the authorized capital of a Private Limited Company:
1. Alteration of MoA
2. Carry out Ordinary Resolution
3. Update the registrar about changes
...
Wazzeer Professional Network
ProfessionalCan a private limited company reduce the declared authorized capital at any point of time?
-
Wazzeer Professional Network
ProfessionalYes, you can reduce authorized capital up to an amount that is equal to or more than paid up capital.
Steps to reduce the authorized capital of a Private Limited Company:
1. Alteration of MoA
2. Carry out Ordinary Resolution
3. Update the registrar about changes
about 4 years ago
View answer
Can a private limited company reduce the declared authorized capital at any point of time?
-
Wazzeer Professional Network
ProfessionalYes, you can reduce authorized capital up to an amount that is equal to or more than paid up capital.
Steps to reduce the authorized capital of a Private Limited Company:
1. Alteration of MoA
2. Carry out Ordinary Resolution
3. Update the registrar about changes
about 4 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.