Directive (EU) 2017/1132 Article 77

Reduction in the subscribed capital and the minimum capital

Article 77

The subscribed capital may not be reduced to an amount less than the minimum capital laid down in accordance with Article 45. 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.

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Other provisions in Section 5 — Rules for the increase and reduction of capital

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 77 of Directive (EU) 2017/1132 (LawPlayer, data as of 2026-07-04)

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