Section 4E. Reduction of share capital

4E. 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. 1. Subs. by Act 39 of 2000, s. 5, for "Development Bank" (w.e.f. 5-9-2000). 2. The words and figures "section 47 or" omitted by s. 5, ibid . (w.e.f. 5-9-2000). 3. Subs. by s. 5, ibid ., for "sub-section (1) of section 6" (w.e.f. 5-9-2000). 4. Ins. by Act 52 of 1975, s. 27 (w.e.f. 16-2-1976). 5. Ins. by Act 39 of 2000, s. 6 (w.e.f. 5-9-2000). (2) Without prejudice to the generality of the foregoing power, the share capital may be reduced by — (a) extinguishing or reducing the liability on any of its equity shares in respect of share capital not paid-up; or (b) either with or without extinguishing or reducing liability on any of its equity shares, cancelling any paid-up share capital which is lost or is unrepresented by available assets; or (c) either with or without extinguishing or reducing liability on any of its equity shares, paying off any paid-up share capital which is in excess of the wants of the Financial Corporation.