TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Financial Restructuring: Share Capital Reduction Under Companies Act Requires Tribunal Approval and Compliance with Legal Provisions</h1> The financial restructuring of a company involves adjusting its capital structure, which includes equity, reserves, and various forms of borrowings. Companies may need restructuring to meet market demands or address financial difficulties. Undercapitalized companies can inject more capital or seek additional borrowings, while overcapitalized companies may buy back shares or repay debts. Share capital reduction, governed by the Companies Act, can be achieved through methods like extinguishing liabilities or canceling excess capital, subject to tribunal approval. The process considers creditors' rights and requires compliance with specific legal provisions. Certain actions, like share forfeiture or buybacks, may not constitute capital reduction.
TaxTMI 
TaxTMI 
