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Reducing company capital by employing the SAP

The Law of Companies

Author:
Thomas B Courtney
Publisher:
Bloomsbury Professional
Edition:
Fourth edition
Law Stated At:
30 September 2016
Chapter 10: The Maintenance of Company Capital [D]: Reduction of Company Capital by Summary Approval Procedure and Court Order (a) The SAP as an alternative to High Court application (b) Not all companies can utilise the SAP to reduce company capital (c) The directors’ declaration of solvency (d) The shareholders’ special resolution (e) Shareholder protection ...

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