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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