652 Liability of members following reduction of capital
Companies Act 2006 | Legislation

Effect of reduction of capital

652  Liability of members following reduction of capital

(1)     Where a company's share capital is reduced a member of the company (past or present) is not liable in respect of any share to any call or contribution exceeding in amount the difference (if any) between—

(a)     the nominal amount of the share as notified to the registrar in the statement of capital delivered under section 644[, 649, 1028A or 1032A of this Act or paragraph 7 of Schedule 4 to the Small Business, Enterprise and Employment Act 2015], and

(b)     the amount paid on the share

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