What are the methods and how to reduce share capital of the company

The company can reduce capital by using one of the following methods:

1. Reduce the liability of its shares in respect of the share capital not paid-up.
2. Cancel any paid up share capital which is lost or is unrepresented by available assets.
3. Pay off any paid up share capital which is in excess.

*Refer Section 66 of Companies Act 2013 and NCLT (Proceedure for reduction of share Capital of the company) Rules, 2016*