Where the company is not wound up, it shall, within a period of two years following the close
of the fiscal year showing a deficit, re-constitute its shareholders’ equity up to a level where it
is at least half of the registered capital.
Failing this, it shall reduce its capital by an amount at least equal to the amount of losses which
could not be charged to the reserves, provided that the reduction of capital shall not result in
reducing the capital below the legal level.
Official translation
Spot-checked
In force from 17 April 1997
Source page 91