Section 100 of the Companies Act, 1956 allows a company to reduce its share capital under certain circumstances. which one of the following comes under the purview of this section:

A. Redemption of Redeemable preference shares, if issue of such shares is authorised by the Articles

B. Forfeiture of shares for non-payment of calls

C. Paying off any paid-up capital which is in excess of the needs of the company

D. Surrender of shares to the company by one or more shareholders

Answer: Option C