Question
How do I reduce a Company's share capital?
Answer
NowInfinity does not have the functionality to reduce share capital, nor change share value.
Reducing share capital, including the preparation and lodging of Form 2560, needs to be completed directly with ASIC. Guidance can be found under Reduction in Share Capital on ASIC's website.
For further assistance, you can contact ASIC on 1300 300 630.
Note: Share capital is the total amount of funds a Company raises by issuing shares. This would be the total amount paid and unpaid values.