https://www.taxtmi.com/caselaws?id=259363 A proposed reduction of paid-up equity share capital was confirmed because it had shareholder approval by special resolution, was intended to write off accumulated losses through an unabsorbed debit balance, and was shown not to prejudice creditors. The company's financial position and reserves were placed on record, and the Regional Director raised no objection. The court therefore approved the reduction minute and held that the company was not required to add the words "and reduced" to its name. en-us Fri, 27 Mar 2015 00:00:00 +0530 Fri, 08 May 2015 08:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259363 A proposed reduction of paid-up equity share capital was confirmed because it had shareholder approval by special resolution, was intended to write off accumulated losses through an unabsorbed debit balance, and was shown not to prejudice creditors. The company's financial position and reserves were placed on record, and the Regional Director raised no objection. The court therefore approved the reduction minute and held that the company was not required to add the words "and reduced" to its name. Case-Laws Companies Law Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259363