Companies Act, 2017

Companies Act, 2017 — section 97

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. UNLIMITED LIABILITY OF DIRECTORS

This is the text of the provision as enacted. It is legal information, not legal advice, and it cannot account for the facts of your own matter. For advice on your situation, consult a verified advocate.