https://www.taxtmi.com/caselaws?id=397520 The application for the reduction of share capital by the petitioner-company was allowed by the Tribunal. The reduction aimed to cancel shares held by non-promoter public shareholders, with the offer price set at Rs. 2,100 per share. Despite objections from some shareholders, the Tribunal found the valuation fair and approved the reduction. The petitioner-company was directed to comply with observations by the Regional Director and publish notices for the reduction in specified newspapers. en-us Tue, 10 Dec 2019 00:00:00 +0530 Fri, 21 Aug 2020 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397520 The application for the reduction of share capital by the petitioner-company was allowed by the Tribunal. The reduction aimed to cancel shares held by non-promoter public shareholders, with the offer price set at Rs. 2,100 per share. Despite objections from some shareholders, the Tribunal found the valuation fair and approved the reduction. The petitioner-company was directed to comply with observations by the Regional Director and publish notices for the reduction in specified newspapers. Case-Laws Companies Law Tue, 10 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397520