The process of reducing the registered capital of the company is as follows:
The shareholders' meeting or the general meeting of shareholders makes a resolution to reduce the registered capital and amend the articles of association. Resolutions must be passed by shareholders representing more than two-thirds of the voting rights.
Preparation of balance sheet and inventory of assets.
Creditors shall be notified within 10 days from the date of the resolution and shall be published in a newspaper within 30 days. Within 30 days from the date of receipt of the notice, and within 45 days from the date of announcement if the creditor has not received the notice, the creditor has the right to require the company to pay off the debts or provide corresponding guarantees.
Go through the formalities of changing the registration with the industrial and commercial department and renew the business license.
The process of changing the capital reduction of the business license is as follows:
Decision-making and preparation: The business operator or shareholder decides to make a capital reduction change and makes relevant preparations. This includes communicating with relevant authorities, understanding the legal and regulatory requirements for capital reduction changes, preparing necessary documents, etc.
Preparation of capital reduction plan: The enterprise prepares a capital reduction plan, including the amount of capital reduction, the method of capital reduction, and the reasons for capital reduction.
Notice and announcement: The company does not need to notify and announce the creditors on the matter of increasing the registered capital, but when the company reduces its registered capital, it shall notify the known creditors within 10 days from the date of making the resolution to reduce the registered capital, and make an announcement in the newspaper within 30 days.
Change registration: When the company reduces its registered capital, the original registered capital of the articles of association changes, and the change registration must be made to the original company registration authority.
Capital verification report: Verify the registered capital of the company after capital reduction.
The above is the general process of reducing the registered capital of a company, and the specific process may vary depending on the region and the specific situation of the company. If in doubt, it is advisable to consult a professional accountant.