https://www.taxtmi.com/caselaws?id=259531 The court approved the reduction of share capital as requested by the petitioner company, allowing separation of Promoter Group shareholder from Non-Promoter Shareholders. The decision emphasized compliance with legal provisions, unanimous approval by the Board of Directors and equity shareholders, absence of objections, and adherence to regulatory requirements. The court directed necessary actions for registration and publication, ensuring due process was followed. en-us Tue, 17 Mar 2015 00:00:00 +0530 Thu, 07 May 2015 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259531 The court approved the reduction of share capital as requested by the petitioner company, allowing separation of Promoter Group shareholder from Non-Promoter Shareholders. The decision emphasized compliance with legal provisions, unanimous approval by the Board of Directors and equity shareholders, absence of objections, and adherence to regulatory requirements. The court directed necessary actions for registration and publication, ensuring due process was followed. Case-Laws Companies Law Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259531