Question

Reduction of capital does not involve in​

Answer 1

Answer:

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Reduction of capital can take place without the sanction of the tribunal/court in case of buy back of shares. In case of forfeiture of shares, a company may if authorized by its articles forfeit shares for non-payment of calls by the shareholders.

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Answer 2

Answer:

Reduction of capital can take place without the sanction of the tribunal/court in case of buy back of shares. In case of forfeiture of shares, a company may if authorized by its articles forfeit shares for non-payment of calls by the shareholders