Post by account_disabled on Nov 22, 2023 3:51:40 GMT -5
What about reducing the share capital? The provision of Art. of the Commercial Companies Code states that: The resolution on the reduction of the share capital should specify the amount by which the share capital is to be reduced and the method of reduction ; The provisions of this section regarding the lowest amount of share capital and share shall apply to the reduction of share capital . Reducing the share capital is nothing more than changing the value of the share capital to a lower value than before. When the share capital is reduced, the value for the reduced capital is paid.
The reduction of the share capital is limited by the minimum amount of share capital PLN , and the nominal value of shares PLN . IMPORTANT - it is not permissible to reduce the share capital based on the existing provisions of the company's articles of association photo editing servies without amending the company's articles of association as may be the case in the case of increasing the share capital. For this purpose, it is always necessary to or - exceptionally - of the management board, which constitutes an amendment to the company's articles of association.
Therefore, if a resolution to reduce the share capital is adopted by the partners, this resolution requires a two-thirds majority of votes, and if the resolution is adopted by the management board, this resolution requires an absolute majority of votes so M. Rodzynkiewicz in: Code of Commercial Companies. Commentary. It should also be remembered that the management board is obliged to report the reduction of the share capital to the registry court.
The reduction of the share capital is limited by the minimum amount of share capital PLN , and the nominal value of shares PLN . IMPORTANT - it is not permissible to reduce the share capital based on the existing provisions of the company's articles of association photo editing servies without amending the company's articles of association as may be the case in the case of increasing the share capital. For this purpose, it is always necessary to or - exceptionally - of the management board, which constitutes an amendment to the company's articles of association.
Therefore, if a resolution to reduce the share capital is adopted by the partners, this resolution requires a two-thirds majority of votes, and if the resolution is adopted by the management board, this resolution requires an absolute majority of votes so M. Rodzynkiewicz in: Code of Commercial Companies. Commentary. It should also be remembered that the management board is obliged to report the reduction of the share capital to the registry court.