The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 2. The directors may, with the sanction of the Company in general meeting, reduce the amount of shares

Repealed or not in force · As amended up to 2026-08

2. The directors may, with the sanction of the Company in general meeting, reduce the amount of shares.

Source: India Code