https://www.taxtmi.com/caselaws?id=195530 The court confirmed the reduction of Preference Share Capital by repayment as proposed by the petitioner company. The court found no reason to deny the action, considering the company's financial stability, compliance with legal provisions, and lack of objections. The court directed the company to publish a Notice of Confirmation of Reduction of Capital as per the Companies Act. The petition was disposed of with no order as to costs, indicating approval of the reduction. en-us Fri, 16 Jan 2015 00:00:00 +0530 Thu, 02 Nov 2017 17:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195530 The court confirmed the reduction of Preference Share Capital by repayment as proposed by the petitioner company. The court found no reason to deny the action, considering the company's financial stability, compliance with legal provisions, and lack of objections. The court directed the company to publish a Notice of Confirmation of Reduction of Capital as per the Companies Act. The petition was disposed of with no order as to costs, indicating approval of the reduction. Case-Laws Companies Law Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195530