https://www.taxtmi.com/caselaws?id=400777 The Tribunal approved and confirmed the reduction of share capital by M/s. Olmec Technologies P. Ltd., as per the resolutions passed by the board of directors and shareholders. The company was directed to fulfill various regulatory requirements, including publication in newspapers, submission of certified copies to authorities, and compliance with RBI/FEMA and Income-tax regulations. Creditors were granted the liberty to seek recourse if their dues were unsettled. The judgment focused solely on the share capital reduction, allowing statutory bodies to address any other violations independently. The company was mandated to amend its capital description accordingly. en-us Fri, 10 Jul 2020 00:00:00 +0530 Mon, 04 Jan 2021 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400777 The Tribunal approved and confirmed the reduction of share capital by M/s. Olmec Technologies P. Ltd., as per the resolutions passed by the board of directors and shareholders. The company was directed to fulfill various regulatory requirements, including publication in newspapers, submission of certified copies to authorities, and compliance with RBI/FEMA and Income-tax regulations. Creditors were granted the liberty to seek recourse if their dues were unsettled. The judgment focused solely on the share capital reduction, allowing statutory bodies to address any other violations independently. The company was mandated to amend its capital description accordingly. Case-Laws Companies Law Fri, 10 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400777