https://www.taxtmi.com/caselaws?id=211043 The Court approved the reduction of the Company's share capital from Rs. 12,64,10,930 to Rs. 9,14,10,930, with the authorized share capital comprising 91,41,093 equity shares of Rs. 10 each. The decision was based on recessionary conditions in the Manufacturing Sector, allowing the Company to transfer funds to the USA. The Court dispensed with the notice to creditors as there were no objections received within the stipulated period, and auditors confirmed the absence of creditors. The Special Resolution for reducing the share capital was confirmed, and the proposed minutes were approved. en-us Fri, 06 Jan 2012 00:00:00 +0530 Mon, 27 Feb 2012 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211043 The Court approved the reduction of the Company's share capital from Rs. 12,64,10,930 to Rs. 9,14,10,930, with the authorized share capital comprising 91,41,093 equity shares of Rs. 10 each. The decision was based on recessionary conditions in the Manufacturing Sector, allowing the Company to transfer funds to the USA. The Court dispensed with the notice to creditors as there were no objections received within the stipulated period, and auditors confirmed the absence of creditors. The Special Resolution for reducing the share capital was confirmed, and the proposed minutes were approved. Case-Laws Companies Law Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211043