Section 97: Increase and reduction of share capital in case of a company limited by guarantee
The Companies Act, 2017 · Federal Acts · in_force
Discuss this provision with AI
97. Increase and reduction of share capital in case of a company limited by guarantee having a share capital.—A company limited by guarantee may, if it has a share capital and is so authorised by its articles, increase or reduce its share capital in the same manner and on the same conditions subject to which a company limited by shares may increase or reduce its share capital under the provisions of this Act.
Effective date: 2017-05-30
Related sections
Section 96: Publication of reasons for reductionSection 98: Limited company may have directors with unlimited liabilitySection 95: Penalty on concealment of name of creditorSection 99: Special resolution of limited company making liability of directors unlimitedSection 94: Liability of members in respect of reduced sharesSection 100: Requirement to register a mortgage or charge
Version 1 · Source-traceable official reference. LawHub does not modify the official record.