https://www.taxtmi.com/caselaws?id=194644 The High Court approved the reduction of paid-up equity share capital and Securities Premium Account for the petitioner company, allowing the adjustment against the debit balance in the Profit and Loss Account. The Court found the restructuring necessary due to the company's financial situation and compliance with legal requirements. The resolution involved significant reductions in equity capital and Securities Premium Account, which were approved by the Court. The Court directed the publication of notices and minutes, along with filing requirements with the Registrar of Companies, within specified timelines. en-us Thu, 06 Nov 2014 00:00:00 +0530 Wed, 29 Nov 2017 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194644 The High Court approved the reduction of paid-up equity share capital and Securities Premium Account for the petitioner company, allowing the adjustment against the debit balance in the Profit and Loss Account. The Court found the restructuring necessary due to the company's financial situation and compliance with legal requirements. The resolution involved significant reductions in equity capital and Securities Premium Account, which were approved by the Court. The Court directed the publication of notices and minutes, along with filing requirements with the Registrar of Companies, within specified timelines. Case-Laws Companies Law Thu, 06 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194644