What are the ways to reduce share capital in Singapore companies?

Three of these are mentioned in the Companies Act

• Extinguishing or reducing a member’s liability to pay the amount of unpaid capital on his shares;

• Cancelling any paid-up capital which is lost or unrepresented by assets;

• Returning to shareholders any paid-up capital which is in excess of the needs of the company

The ways to reduce capital which are not expressly mentioned in the Act

• Selling the company’s capital assets and dividing the proceeds among members;

• Surrender of shares to the company;

• Refunding monies subscribed for shares to shareholders; or

• Any other method of reduction