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:D
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.