https://www.taxtmi.com/caselaws?id=110671 The High Court approved the petition filed by M/s. Allianz Capital and Management Services Ltd. for transferring the balance in the Share Premium Account and Debentures Forfeited Account to the Profit and Loss Account. The company's special resolution to transfer the balances was considered a 'Deemed Reduction of Capital,' and the Registrar of Companies had no objections. The High Court approved the Form of Minutes for the transfer, directing registration under section 103(1)(b) of the Companies Act. The petitioner was instructed to publish a notice in specified newspapers, and the petition was disposed of accordingly. en-us Thu, 08 Apr 2004 00:00:00 +0530 Wed, 18 Apr 2012 11:16:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110671 The High Court approved the petition filed by M/s. Allianz Capital and Management Services Ltd. for transferring the balance in the Share Premium Account and Debentures Forfeited Account to the Profit and Loss Account. The company's special resolution to transfer the balances was considered a 'Deemed Reduction of Capital,' and the Registrar of Companies had no objections. The High Court approved the Form of Minutes for the transfer, directing registration under section 103(1)(b) of the Companies Act. The petitioner was instructed to publish a notice in specified newspapers, and the petition was disposed of accordingly. Case-Laws Companies Law Thu, 08 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110671