https://www.taxtmi.com/caselaws?id=99195 The court dismissed the application for rectification of the register of members as the company reduced its share capital without complying with legal requirements, specifically the lack of a special resolution for the reduction. The court emphasized the necessity of adhering to statutory provisions for any reduction of share capital, even if resulting from a compromise. The judgment highlighted the importance of following proper legal formalities in corporate actions, ultimately leading to the dismissal of the rectification application. en-us Fri, 08 Nov 1974 00:00:00 +0530 Wed, 25 Jan 2012 15:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99195 The court dismissed the application for rectification of the register of members as the company reduced its share capital without complying with legal requirements, specifically the lack of a special resolution for the reduction. The court emphasized the necessity of adhering to statutory provisions for any reduction of share capital, even if resulting from a compromise. The judgment highlighted the importance of following proper legal formalities in corporate actions, ultimately leading to the dismissal of the rectification application. Case-Laws Companies Law Fri, 08 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99195