US Legal Forms
Localized Forms
New York
Nassau
Statement of Reduction of Capital of a Corporation

Nassau New York Statement of Reduction of Capital of a Corporation

Name: Nassau New York Statement of Reduction of Capital of a Corporation
Brand: US Legal Forms
Rating: 4.85 (437 reviews)

Category:

Corporations - Statement

State:

Multi-State

County:

Nassau

Control #:

US-1083BG

Format:

Instant download

Description

Stated Capital is the nominal value (or "par" value) of all the outstanding shares of a corporation. Generally, it is an amount equal to the cash consideration (or equivalent fair value of property or past services) received by a corporation in exchange for the issue of shares.

Post-Decision Practice Information Sheet

View this form

Employment of Sales Representative

View this form

Sublease Agreement

View this form

How to fill out Nassau New York Statement Of Reduction Of Capital Of A Corporation?

Are you looking to quickly create a legally-binding Nassau Statement of Reduction of Capital of a Corporation or probably any other form to handle your personal or business matters? You can go with two options: hire a legal advisor to draft a valid document for you or draft it entirely on your own. Thankfully, there's another solution - US Legal Forms. It will help you receive neatly written legal paperwork without having to pay sky-high fees for legal services.

US Legal Forms offers a rich collection of over 85,000 state-compliant form templates, including Nassau Statement of Reduction of Capital of a Corporation and form packages. We offer templates for a myriad of use cases: from divorce paperwork to real estate documents. We've been out there for over 25 years and gained a spotless reputation among our clients. Here's how you can become one of them and obtain the needed document without extra hassles.

First and foremost, carefully verify if the Nassau Statement of Reduction of Capital of a Corporation is adapted to your state's or county's regulations.
In case the form comes with a desciption, make sure to check what it's intended for.
Start the searching process again if the document isn’t what you were hoping to find by using the search box in the header.
Choose the subscription that best fits your needs and proceed to the payment.
Choose the file format you would like to get your form in and download it.
Print it out, fill it out, and sign on the dotted line.

If you've already set up an account, you can easily log in to it, locate the Nassau Statement of Reduction of Capital of a Corporation template, and download it. To re-download the form, just go to the My Forms tab.

It's easy to buy and download legal forms if you use our services. Additionally, the documents we provide are updated by law professionals, which gives you greater confidence when writing legal matters. Try US Legal Forms now and see for yourself!

Form Rating

4.85

Satisfied(437)

Form popularity

FAQ

If the amount of paid up capital including share premium is reduced then the share capital will be debited with the amount of the reduction. If the reduction was effected by a repayment then the credit will go to cash, otherwise a reserve account will be created which is treated as a realised profit.

Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure.

Capital Reduction/Reconstruction Account is used for reducing share capital, paying/waiving off liabilities or revaluation of assets in order to write off unnecessary items such as P/L (Dr), Goodwill, Fictitious assets etc.

A reduction of capital can be achieved in one of two ways by following a statutory process under The Companies Act 2006 - either through a court process or by using a solvency statement.

Capital reduction is the process of decreasing a company's share capital (both equity and preference share capital) through share cancellations and share repurchases.2756 Prohibition on Reduction in certain cases.Certificate from the auditor of the company to the effect that the list of creditors.

The Capital Reduction Account is a temporary account opened in order to carry out the internal reconstruction. When the scheme is carried out, the account is closed. The Capital Reduction Account represents the sacrifice made by the Shareholders, Debenture-holders, Creditors etc.

The entry is: Where any paid up share capital is being reduced the liability on the shares, for instance, a share of Rs. 10 on which Rs. 6 has been paid up is being reduced to fully paid share of Rs. 10, Rs.

Paid-up share capital for the purpose of capital reduction would include securities premium and capital redemption reserve. Unless a special resolution, as authorised by the articles, is passed for reduction of share capital, a company cannot effect share capital reduction.

Company may reduce share capital by cancelling any shares which are lost or is unrepresented by available assets. For e.g: if the shares of face value of INR 100 each fully paid-up is represented by Rs. 75 worth of assets. In such a case, reduction of share capital may be effected by cancelling Rs.

Interesting Questions

More info

Note setting out the process for reducing a company's capital using the solvency statement procedure (private companies only). Water Authority of Western Nassau County - A water utility serving a population of approximately 120000 on Long Island in New York.Providing a wide range of support services to vulnerable children, families, seniors, and communities throughout Long Island. Nassau University Medical Center, in East Meadow, NY is a teaching hospital that has been the primary source of medical care in Nassau County since 1935. PEORIA, Ill. "George Floyd woke us up, and we should not go back to sleep," Sharpton said in a statement.

Nassau New York Statement of Reduction of Capital of a Corporation

Description

Related forms

Viewed forms

How to fill out Nassau New York Statement Of Reduction Of Capital Of A Corporation?

Show more info

Form Rating

Form popularity

FAQ

How do you account for capital reduction?

What is a reduction of company capital?

What is capital reduction account in corporate accounting?

How do you reduce capital on a balance sheet?

What is the procedure for reduction of capital?

What type of account is capital reduction?

What is the accounting entry for capital reduction?

What is passed by the company for capital reduction?

How do you solve for capital reduction?

Interesting Questions

What is the Nassau Statement of Reduction of Capital of a Corporation878299?

Why would a corporation want to reduce its capital?

How does the Nassau Statement of Reduction of Capital work?

Who needs to file the Nassau Statement of Reduction of Capital?

What happens after filing the Nassau Statement of Reduction of Capital?

Can any corporation file a Nassau Statement of Reduction of Capital?

More info

Trusted and secure by over 3 million people of the world’s leading companies