https://www.taxtmi.com/caselaws?id=211654 The court upheld the respondent company's reduction of share capital, dismissing the appellant's objections regarding minority shareholders' treatment, share valuation, and procedural compliance. The court found the reduction was approved by a special majority, with a fair share valuation of Rs. 1,500 per share. Emphasizing compliance with legal procedures, the court ruled that the reduction process adhered to the Companies Act, 1956, and the company's Articles of Association. It affirmed the fair treatment of shareholders and the legitimacy of the reduction, ultimately dismissing the appeal. en-us Wed, 07 Mar 2012 00:00:00 +0530 Mon, 11 Feb 2013 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211654 The court upheld the respondent company's reduction of share capital, dismissing the appellant's objections regarding minority shareholders' treatment, share valuation, and procedural compliance. The court found the reduction was approved by a special majority, with a fair share valuation of Rs. 1,500 per share. Emphasizing compliance with legal procedures, the court ruled that the reduction process adhered to the Companies Act, 1956, and the company's Articles of Association. It affirmed the fair treatment of shareholders and the legitimacy of the reduction, ultimately dismissing the appeal. Case-Laws Companies Law Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211654