After the Companies Act 2006, which of the following is correct in relation to a reduction of capital by a public company?

After the Companies Act 2006, which of the following is correct in relation to a reduction of capital by a public company?

(i) If the reduction results in the company no longer having the authorized minimum capital for a public company, it may be necessary to re-register as a private company.

(ii) The Articles of Association may restrict the company’s ability to reduce capital.

(iii) The reduction must be approved by the court.
A . (i) only
B . (i) and (ii) only
C . (ii) and (iii) only
D . (i), (ii) and (iii)

View Answer

Answer: D