https://www.taxtmi.com/caselaws?id=113632 The High Court of Karnataka confirmed the reduction of share capital by a petitioner-company through a scheme of arrangement and amalgamation with another company. The court found the scheme compliant with legal provisions, including the Companies Act, 1956, and the company's Articles of Association. It ensured the protection of interests of creditors, shareholders, and other stakeholders. The court deemed the reduction of share capital just and equitable, safeguarding the rights of creditors and shareholders, and issued directions for compliance with the approved scheme. en-us Thu, 07 Jan 2010 00:00:00 +0530 Sat, 18 Oct 2014 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113632 The High Court of Karnataka confirmed the reduction of share capital by a petitioner-company through a scheme of arrangement and amalgamation with another company. The court found the scheme compliant with legal provisions, including the Companies Act, 1956, and the company's Articles of Association. It ensured the protection of interests of creditors, shareholders, and other stakeholders. The court deemed the reduction of share capital just and equitable, safeguarding the rights of creditors and shareholders, and issued directions for compliance with the approved scheme. Case-Laws Companies Law Thu, 07 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113632