Question

the reduction of capital is permitted under companies act.
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Answer 1

Explanation:

“Reduction of Share Capital. As would be seen from the above, Section 66 of the Companies Act, 2013, provides that, for a company to reduce its share capital, it should have the power under its Articles of Association ('AOA') to do so.

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Answer 2

Answer:

Reduction of Share Capital. As would be seen from the above, Section 66 of the Companies Act, 2013, provides that, for a company to reduce its share capital, it should have the power under its Articles of Association ('AOA') to do so.

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