Bare ActsThe State Financial Corporations Act 1951

Section 4E

Reduction of share capital

Amendment status not verified — confirm the current text below against the official source.

Reduction of share capital.—(1) The Financial Corporation, with the prior approval of the State Government and the Small Industries Bank, may, by resolution passed in a general meeting of the shareholders, reduce its share capital in any way.

Section 4E – The State Financial Corporations Act 1951 | DailyLaw.ai