The subscribed capital may not be reduced to an amount less than the minimum capital laid down in accordance with Article 45.
However, Member States may permit such a reduction if they also provide that the decision to reduce the subscribed capital may take effect only when the subscribed capital is increased to an amount at least equal to the prescribed minimum.
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Chapter IV · Capital maintenance and alteration › Section 5 · Rules for the increase and reduction of capital › Article 77
Reduction in the subscribed capital and the minimum capital
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