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The fixed capital of the JSC is 40 000 EUR. There are no reserves. Instead of profit there are losses in the amount of 5

The fixed capital of the JSC is 40 000 EUR. There are no reserves. Instead of profit there are losses in the amount of 5 000 EUR. One of the shareholders wishes to withdraw and receive the nominal value of the share (1000 EUR). Is it possible for the company to reduce the fixed capital and pay this amount with the consent of the creditors?

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