https://www.taxtmi.com/caselaws?id=327904 Reduction of paid-up equity share capital was sanctioned where the company had passed the requisite special resolution, complied with the prescribed procedure, published notice, and faced no objection from the Regional Director. The proposal was treated as non-prejudicial to creditors, and the registered minute was approved accordingly. Consequential relief was also granted on the company's name, so it was not required to add the words "and reduced" after the sanctioned reduction. The material principle is that a duly approved and procedurally compliant reduction of share capital may be confirmed together with incidental reliefs. en-us Thu, 10 Mar 2016 00:00:00 +0530 Sat, 21 May 2016 16:49:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327904 Reduction of paid-up equity share capital was sanctioned where the company had passed the requisite special resolution, complied with the prescribed procedure, published notice, and faced no objection from the Regional Director. The proposal was treated as non-prejudicial to creditors, and the registered minute was approved accordingly. Consequential relief was also granted on the company's name, so it was not required to add the words "and reduced" after the sanctioned reduction. The material principle is that a duly approved and procedurally compliant reduction of share capital may be confirmed together with incidental reliefs. Case-Laws Companies Law Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327904