https://www.taxtmi.com/caselaws?id=97552 Whether a minute registering a capital reduction must refer to the residual share premium account is resolved by prioritising statutory flexibility: the minute need not state the resulting position of the share premium where the reduction effects a write down or write off. The court reconciled the interaction between provisions treating the share premium as within capital reduction rules and separate permitted applications of the premium by holding that requiring a memorandum reference would produce an avoidable conflict; accordingly minutes omitting such reference were approved and the proposed reduction confirmed. en-us Mon, 28 Oct 1957 00:00:00 +0530 Tue, 17 Jan 2012 12:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97552 Whether a minute registering a capital reduction must refer to the residual share premium account is resolved by prioritising statutory flexibility: the minute need not state the resulting position of the share premium where the reduction effects a write down or write off. The court reconciled the interaction between provisions treating the share premium as within capital reduction rules and separate permitted applications of the premium by holding that requiring a memorandum reference would produce an avoidable conflict; accordingly minutes omitting such reference were approved and the proposed reduction confirmed. Case-Laws Companies Law Mon, 28 Oct 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97552