Rights and Duties of Directors: Twelfth Edition (Directors

Format: Paperback

Language: English

Format: PDF / Kindle / ePub

Size: 6.57 MB

Downloadable formats: PDF

Reduce or wipeout existing deficit where no creditors would thereby be effected When capital is more than necessary to procreate the business or reduction of capital surplus To write down the value of its fixed assets to reflect those present and actual NOTE: any increase or decrease of capital stock requires approval of government agency like SEC it can never take place unless SEC approves the same Relevance of decrease of capital?

Pages: 720

Publisher: Bloomsbury Professional; 12 edition (August 31, 2012)

ISBN: 1847668895

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