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Tag Archives | Reconstruction

Alteration of Share Capital for Reconstruction

In this article we will discuss about the Alteration of Share Capital for Reconstruction. A company can alter its share capital, if it is empowered by its articles to do so. Alteration, as distinct from reduction, may involve the following: (1) Conversion of shares into stock; (2) Increase in capital; (3) Decrease (without reduction in the paid up amount) in [...]

By Vinita B|2016-06-28T10:12:43+00:00June 28, 2016|Shares|Comments Off on Alteration of Share Capital for Reconstruction

Schemes of Reconstruction of Share Capital

The need for reconstruction arises when a company has accumulated losses or when a company finds itself overcapitalized which means either that the value placed on assets is too much as compared to their earning capacity or that the profits as a whole are insufficient to pay a proper dividend. In the previous section, the legal position and entries in [...]