Status requires review — We have not verified this source's current status.
Structural division: books › party › CHAPTER EIGHT › SECTION TWO
Article 468 — Reduction of Capital below the Minimum Required
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Where, by reason of losses, the capital is reduced below the minimum permitted in Sub-Article
(1) of Article 247 of this Code, the capital shall be increased to the minimum required by this law within a period of one year from the date of publication of the reduction in the commercial register in accordance with the provisions of Article 463
2/ Nothing in this Article shall affect the rights of creditors under Article 467 of this Code.
3/ Where the increase of capital required by Sub-Article
(1) of this Article is not effected or the company is not converted into another type of business organization, the dissolution of the company may be ordered by the court upon the application of any interested person.