Companies Law

Capital shall be decreased by any of the following methods: a) Cancellation of a number of shares equal to the amount to be decreased. b) Reduction of the nominal value of a share by canceling a part thereof equal to the amount of losses incurred by the company. c) Reduction of the nominal value of a share by returning a part thereof to the shareholder or relieving him from all or part of the unpaid amount of the share’s value. d) The company’s purchase of a number of its shares equal to the amount to be decreased, and the cancellation of such shares thereafter.