3. Regulations on Reduction of the Equity Capital

The regulations on reduction of the equity capital shall be signed by the executive board.


The document must specify:

  • the name (firm name);
  • the registration number;
  • the reason for the reduction of the equity capital;
  • the amount of the reduction of the equity capital;
  • the method of reduction of the equity capital;
  • the number of stocks to be cancelled or the reduced nominal value of the stocks;
  • time period for surrender or exchange of stocks;
  • if it is intended to repay a portion of the equity capital to the stockholders, repayment terms;
  • the date.