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New version applies from 20/07/2017 — introduced by Directive (EU) 2017/1132. 69 provisions change. Article 38 is deleted from 20/07/2017.

Article 38

Article 38

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.

Official text · consolidated version 02/07/2014 (no longer in force) Open full page ↗
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