https://www.taxtmi.com/caselaws?id=397485 The Tribunal approved the reduction of share capital under section 66 of the Companies Act, 2013, from Rs. 2,02,00,000 to Rs. 1,00,000, utilizing excess share capital and bank balance. The shareholders' special resolution, compliance with statutory requirements, and Regional Director's report were considered. The Tribunal directed compliance with the Income-tax Act, 1961, and protection of creditors and stakeholders' interests. The petitioner was mandated to publish the reduction in papers within a specified timeframe. en-us Tue, 26 May 2020 00:00:00 +0530 Thu, 20 Aug 2020 09:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397485 The Tribunal approved the reduction of share capital under section 66 of the Companies Act, 2013, from Rs. 2,02,00,000 to Rs. 1,00,000, utilizing excess share capital and bank balance. The shareholders' special resolution, compliance with statutory requirements, and Regional Director's report were considered. The Tribunal directed compliance with the Income-tax Act, 1961, and protection of creditors and stakeholders' interests. The petitioner was mandated to publish the reduction in papers within a specified timeframe. Case-Laws Companies Law Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397485