Laos Ltd is a private company limited by shares, with a share capital of EUR 2,000,000. Laos Ltd owes EUR 800,000 to its creditors while its assets amount to EUR 1,500,000 in total. Laos Ltd has completed the purpose for which it was created. The directors of Laos Ltd consider reducing the company’s share capital.Required:Advise Laos Ltd as to how it may proceed and particularly in relation to the proposal for reduction of its capital. (10 marks)