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of <h1>Process for Registering Share Capital Reduction Order Under Section 103 of the Companies Act, 1956 Explained</h1> Section 103 of the Companies Act, 1956, outlines the process for registering an order and minute of reduction in share capital. The Registrar is required to register the order and minute upon receiving a Tribunal's confirmation and a certified copy of the order detailing the altered share capital. The registration activates the resolution to reduce share capital. The Tribunal directs the publication of the registration notice. The Registrar's certificate confirms compliance with the Act's requirements. The registered minute replaces the corresponding part of the company's memorandum and is considered an alteration under section 40.
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