Reduction of share capital requires special resolution and Tribunal confirmation with creditor and auditor safeguards in the filing. Reduction of share capital under section 66 requires Tribunal confirmation of a special resolution and filing of prescribed particulars including company ... Summary
Reduction of share capital requires special resolution and Tribunal confirmation with creditor and auditor safeguards in the filing.
Reduction of share capital under section 66 requires Tribunal confirmation of a special resolution and filing of prescribed particulars including company and capital details, the resolution and voting particulars, and the proposed minute. The petition must state whether unpaid or lost paid-up capital is affected and be supported by financial disclosures and creditor safeguards such as a list of creditors, auditor certificates, and a deposits declaration.
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