https://www.taxtmi.com/caselaws?id=267575 The Court approved the reduction of paid-up share capital, share premium, and capital reserves of a company under relevant provisions of the Companies Act. The shareholders passed a special resolution in compliance with legal requirements, seeking consent for the reduction. The Court noted the company's compliance with procedural requirements, absence of objections, and publication of the reduction proposal. Emphasizing the commercial rationale and lack of adverse impact on creditors, the Court granted the reliefs sought, directing registration, publication, and payment of fees to the Central Government Counsel. en-us Thu, 06 Aug 2015 00:00:00 +0530 Mon, 09 Nov 2015 16:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267575 The Court approved the reduction of paid-up share capital, share premium, and capital reserves of a company under relevant provisions of the Companies Act. The shareholders passed a special resolution in compliance with legal requirements, seeking consent for the reduction. The Court noted the company's compliance with procedural requirements, absence of objections, and publication of the reduction proposal. Emphasizing the commercial rationale and lack of adverse impact on creditors, the Court granted the reliefs sought, directing registration, publication, and payment of fees to the Central Government Counsel. Case-Laws Companies Law Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267575