19. Section 123 of the Principal Act is amended, in subsection (1)—

(a) in paragraph (d), by the deletion of “and”,

(b) in paragraph (e), by the substitution of “up; and” for “up.”, and

(c) by the insertion of the following paragraph after paragraph (e):

“(f) the reduction of share capital—

(i) by paying off paid up share capital (effected in accordance with section 84 in the case of a company limited by shares), or

(ii) by extinguishing or reducing all or part of a member’s liability on shares not fully paid up (effected in accordance with section 84 in the case of a company limited by shares).”.