Can I reduce or withdraw my paid-up capital?
Paid-up capital belongs to the company; shareholders cannot simply withdraw it. A reduction requires the Companies Act process: section 115 provides the routes, section 116 addresses court confirmation, and section 117 the solvency-statement route. Member approval and creditor protections matter. Ask the secretary and legal adviser which route fits the proposed transaction.
Sources: Companies Act 2016 ss.115–117
Also asked as: capital reduction malaysia; take back paid up capital; keluarkan modal syarikat.
Key facts
- Sections 115–117: capital-reduction routes
- Approval, solvency and creditor safeguards must be assessed
- A bank transfer alone does not reduce share capital
Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.