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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 20 July 2017 - onwards
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Article 38

Repealed from 20 July 2017

The subscribed capital may not be reduced to an amount less than the minimum capital laid down in accordance with Article 6.

However, Member States may permit such a reduction if they also provide that the decision to reduce the subscribed capital may take effect only when the subscribed capital is increased to an amount at least equal to the prescribed minimum.

Comparing proposed amendment...