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The share capital of a company may be reduced by _______ as per the Companies Act, 2013.

Under section 66 of the Companies Act, 2013, a company reduces its share capital by a special resolution, subject to confirmation by the Tribunal. Passing the resolution…

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The share capital of a company may be reduced by _______ as per the Companies Act, 2013.

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Correct answer B

Under section 66 of the Companies Act, 2013, a company reduces its share capital by a special resolution, subject to confirmation by the Tribunal. Passing the resolution alone does not complete the statutory procedure. Buy-backs are dealt with separately under section 68.

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