What process does the company need to reduce its capital?

Legal analysis: the process of capital reduction of limited companies;

1, resolution of the shareholders' meeting: The reduction of capital of a limited liability company shall be made by a special resolution of the shareholders' meeting according to law. The capital reduction of a wholly state-owned company shall be decided by the state-authorized investment institution or the state-authorized department. The contents of resolutions or decisions on capital reduction generally include:

(1) registered capital of the company after capital reduction

(2) Arrangement of shareholders' interests and creditors' interests after capital reduction.

(3) Matters related to the revision of the Articles of Association

(4) Changes in the capital contribution of shareholders and their proportions, etc. When making a resolution or decision on capital reduction, the company shall pay attention to the fact that the registered capital of the company after capital reduction shall not be lower than the statutory minimum.

2. Prepare balance sheet and property list

3. Notify or announce creditors

Legal basis: People's Republic of China (PRC) Company Law.

Article 93 After the establishment of a joint stock limited company, if the promoters fail to make full capital contribution in accordance with the provisions of the articles of association, they shall make up the capital contribution; Other promoters shall bear joint and several liability. After the establishment of a joint stock limited company, it is found that the actual price of the company's non-monetary property is obviously lower than the amount stipulated in the company's articles of association, and the sponsors of the capital contribution shall make up the difference; Other promoters shall bear joint and several liability.

Article 94 The promoters of a joint stock limited company shall bear the following responsibilities:

(1) When the company cannot be established, it shall be jointly and severally liable for the debts and expenses arising from the establishment;

(2) When the company cannot be established, it shall be jointly and severally liable for the return of the share capital paid by the subscribers, plus the interest on the bank deposits for the same period;

(3) If the interests of the company are damaged due to the fault of the promoters during the establishment of the company, it shall be liable for compensation.

Article 95 When a limited liability company is changed into a joint stock limited company, the total paid-in share capital shall not be higher than the company's net assets. When a limited liability company is changed into a joint stock limited company, the public offering of shares for the purpose of increasing capital shall be handled according to law.

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The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.