https://www.taxtmi.com/acts?id=13858 Reduction of share capital is permitted where the Judge is satisfied it does not diminish liability for unpaid share capital or involve payment of paid-up capital to shareholders; if the alternative statutory procedure is not directed, the Judge fixes a hearing date, may direct advertisement, the petition is posted for that date, and upon hearing may confirm the reduction on terms and conditions. en-us Tue, 31 May 2011 10:46:37 +0530 Tue, 31 May 2011 10:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13858 Reduction of share capital is permitted where the Judge is satisfied it does not diminish liability for unpaid share capital or involve payment of paid-up capital to shareholders; if the alternative statutory procedure is not directed, the Judge fixes a hearing date, may direct advertisement, the petition is posted for that date, and upon hearing may confirm the reduction on terms and conditions. Act-Rules Companies Law Tue, 31 May 2011 10:46:37 +0530 https://www.taxtmi.com/acts?id=13858