Part 4 — Alteration of Constitution Division 1 Memorandum of Association
43 Decrease in issued capital
with par value, the issued capital is thereby decreased by an
amount equal to the par value of the share.
(2) When a company purchases any share issued by it of a class
without par value, the issued capital is thereby decreased by an
amount equal to the amount obtained by dividing
(a) the amount of the consider ation received by the company
from time to time for which the shares of that class were
issued less any reduction of capital with respect to those
shares effected by the company in accordance with this Act,
by
(b) the number of issued shares of that class.
(3) Shares which have been issued by a company and purchased
by it shall be restored to the status of authorized but unissued
shares.
RSA 1980 cC-20 s43