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N Ltd wishes to reduce its capital but its articles of association do not include a provision allowing it to do so. Which two of the following statements properly describe N Ltd's legal position in relation to its share capital? A. The Companies Act allows it to reduce its capital if its articles authorise it. B. It can reduce its capital if it changes its articles within 6 months. C. It can go ahead without changing its articles. D. It can never reduce its share capital. E. It must first change its articles to allow it to reduce its capital. |