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0 votes

If the company issues high amount of shares, the shareholders may not need to deposit this money into the company's bank accounts.

However, if this amount is not deposited by the shareholder, it would be money owed from the shareholder to the company on the financial statements.

Consequently the auditor may need to issue qualified opinion on the recoverability of the amounts due from the shareholder.

asked by (8.2k points)

1 Answer

0 votes

For reduction of share capital, better suggest the client to find a solicitor.

answered by (8.2k points)
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