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.