reduction of capital

reduction of capital
A reduction in the issued share capital of a company. The Companies Act states that, subject to confirmation by the court, a company may, if authorized by its articles of association, pass a special resolution to reduce its issued share capital. It may (a) cancel any paid-up capital that is lost or no longer represented by available assets, (b) extinguish or reduce the liability on any of its shares in respect of share capital not paid up, (c) pay off any paid-up share capital that is in excess of its warrants

Accounting dictionary. 2014.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • reduction of capital — a company s capital may be lawfully reduced in two ways: (1) by extinguishing or reducing the liability of its members on any uncalled capital; or (2) by repaying to them the nominal value of their shares. Where a company has suffered losses, it… …   Law dictionary

  • reduction of capital — A reduction in the issued share capital of a company. The Companies Act states that, subject to confirmation by the court, a company may, if authorized by its articles of association, pass a special resolution to reduce its issued share capital.… …   Big dictionary of business and management

  • reduction of capital — Voluntary liquidation of retired corporate capital. Jay Ronald Co. v. Marshall Mortg. Corporation, 265 App.Div. 622, 40 N.Y.S.2d 391, 399 …   Black's law dictionary

  • réduction — [ redyksjɔ̃ ] n. f. • fin XIIIe « rapprochement »; lat. reductio, de reducere → réduire I ♦ (XIVe) Opération qui consiste à remettre en place (un os luxé, fracturé; un organe déplacé). Réduction d une articulation luxée. Par ext. Réduction d une… …   Encyclopédie Universelle

  • capital redemption reserve — Under Chapter VII of Part V of the Companies Act 1985, a company can redeem shares which are issued as redeemable shares by repaying the nominal value to the shareholder, whereupon the shares are cancelled. Redemption must normally be from… …   Law dictionary

  • capital — cap·i·tal 1 adj [Latin capitalis, from caput head, a person s life (as forfeit)] 1 a: punishable by death capital murder b: involving execution a capital case 2 [Medieval Latin capitalis chief, principal, from Latin …   Law dictionary

  • capital gains — index boom (prosperity) Burton s Legal Thesaurus. William C. Burton. 2006 capital gains …   Law dictionary

  • Capital Reduction — The process of decreasing a company s shareholder equity through share cancellations and share repurchases. The reduction of capital is done by companies for numerous reasons including increasing shareholder value and producing a more efficient… …   Investment dictionary

  • capital reduction — See: reduction of capital …   Accounting dictionary

  • Reduction d'ISF pour investissement en PME — Réduction d ISF pour investissement en PME L article 16 de la loi TEPA du 21 août 2007 a créé une réduction d ISF en cas d investissement dans les PME non cotées. La réduction est de 75% des sommes investies. Elle est plafonnée à 50 000 €.… …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”