According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if:

Question

Quizplus · Accepted Answer

Under Section 100(1)(c) of the Companies Act, a company can reduce its share capital that is in excess of its needs if it is authorized by its articles, obtains confirmation from the court, and passes a special resolution to that effect. Therefore, all the options A, B, and C are correct conditions for this process.

According to Sec