General Studies · Capital Reduction
A company passes a resolution to reduce share capital which involves the repayment to a shareholder of his paid-up share capital. Who may object to the reduction? (1) Members who did not vote in favour of the resolution (2) Creditors of the company
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2
- 2Neither 1 nor 2
- 32 only✓
- 41 only
Correct answer
2 only
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