Companies and Allied Matters Act 2020

Section 130 - Reduction Of Share Capital

(1) Except as authorised by this Act, a company having a share capital shall not reduce its issued share capital.

(2) For the purposes of this section and other sections relating to reduction of share capital, any issue of share capital shall include the share premium account and any capital redemption reserve account of a company, and ''issued share capital'' shall be construed accordingly.

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