https://www.taxtmi.com/caselaws?id=289855 The application for confirming the reduction of share capital under Section 66(1) of the Companies Act, 2013 was rejected by the Tribunal due to the Company's failure to comply with statutory requirements. The absence of a special resolution for share capital reduction, as mandated by Section 66, led to the rejection of the application. Despite this, the petitioner was granted the liberty to reapply after fulfilling all necessary statutory obligations under Section 66 of the Companies Act. en-us Wed, 27 May 2020 00:00:00 +0530 Wed, 26 Aug 2020 12:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289855 The application for confirming the reduction of share capital under Section 66(1) of the Companies Act, 2013 was rejected by the Tribunal due to the Company's failure to comply with statutory requirements. The absence of a special resolution for share capital reduction, as mandated by Section 66, led to the rejection of the application. Despite this, the petitioner was granted the liberty to reapply after fulfilling all necessary statutory obligations under Section 66 of the Companies Act. Case-Laws Companies Law Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289855