Reduction Of Capital in Europe
Definition of Reduction Of Capital
Any company limited by shares may pass a resolution to reduce its capital which must be confirmed by an order of the Court on petition in the Chancery Division. The company must then usually add the words ” and reduced ” to its name. (Companies (Consolidation) Act, 1908.)
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Definition of Reduction Of Capital is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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