Commerce - CBSE UGC NET Previous Years Solved Question with Answers Paper II, June 2013

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.
CCancelling any paid-up share capital which is lost or unrepresented by available assets.
DAll of the above:

Answer & Explanation

Answer: Option [D]

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