https://www.taxtmi.com/caselaws?id=96635 A special resolution authorising a refund of share capital required statutory confirmation within a prescribed interval; the subsequent confirming meeting was held outside the mandatory interval under Section 81(2)(b), resulting in non compliance with the statutory interval requirement and rendering the confirmation invalid. The petition seeking court confirmation was dismissed because the legal effect of the failed procedural prerequisite was to defeat the validity of the confirmation regardless of the substantive approval for the refund of share capital. en-us Fri, 19 Jan 1934 00:00:00 +0530 Mon, 09 Jan 2012 18:59:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96635 A special resolution authorising a refund of share capital required statutory confirmation within a prescribed interval; the subsequent confirming meeting was held outside the mandatory interval under Section 81(2)(b), resulting in non compliance with the statutory interval requirement and rendering the confirmation invalid. The petition seeking court confirmation was dismissed because the legal effect of the failed procedural prerequisite was to defeat the validity of the confirmation regardless of the substantive approval for the refund of share capital. Case-Laws Companies Law Fri, 19 Jan 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96635