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What is a reduction of Capital?

A reduction of capital occurs where a company reduces the amount of its share capital. A company may reduce its share capital in a variety of ways, for example, it can extinguish or reduce the liability on any of its…

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What is a Shadow Director?

A shadow director was any person in accordance with whose directions or instructions the directors of the company were accustomed to act, but a person was not deemed to be a shadow director by reason only that directors acted on…

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