Question

In a reconstruction scheme, the reduction of capital may take the form of_______________.

• A. Reducing the liability of the shareholders in respect of any unpaid amount on the shares held by them
• B. Paying-off any paid-up share capital which is in excess of its requirement
• C. Cancelling any paid-up share capital which is lost or unrepresented by available assets
• D. All of the above

Answer 1

Answer: (D)

All of the above

In a reconstruction scheme, the reduction of capital may take in the form of Reducing the liability of the shareholders in respect of any unpaid amount on the shares held by them or Paying off any paid up share capital which is in excess of its requirement or cancelling any paid up share capital is lost or unrepresented by available assets.