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What to do with negative share capital?
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The Estonian Commercial Code states that it needs to be raised.
If a private limited company has less than half of its share capital or less than the amount of share capital specified in § 136 of this Code or the other minimum amount of share capital provided by the law, the shareholders shall decide:
1) Reduction or increase of share capital
2) The dissolution, merger, division or transformation of a private limited company
3) Submission of a bankruptcy petition
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Accounting,
Company liquitation