https://www.taxtmi.com/caselaws?id=402724 The company successfully petitioned for the reduction of capital under Section 66 of the Companies Act, 2013. The Registrar of Companies (RoC) did not object to the reduction, and the company demonstrated compliance with statutory requirements. The reduction was approved by the board, deemed beneficial for shareholders and stakeholders, and directed regulatory authorities to act accordingly. The company was instructed to file the order with the RoC and publish it in newspapers. The reduction involved canceling a significant sum from the share capital and transferring shares to shareholders. Compliance directives were issued to the company, with the order dated January 7, 2021. en-us Thu, 07 Jan 2021 00:00:00 +0530 Mon, 11 Jan 2021 08:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402724 The company successfully petitioned for the reduction of capital under Section 66 of the Companies Act, 2013. The Registrar of Companies (RoC) did not object to the reduction, and the company demonstrated compliance with statutory requirements. The reduction was approved by the board, deemed beneficial for shareholders and stakeholders, and directed regulatory authorities to act accordingly. The company was instructed to file the order with the RoC and publish it in newspapers. The reduction involved canceling a significant sum from the share capital and transferring shares to shareholders. Compliance directives were issued to the company, with the order dated January 7, 2021. Case-Laws Companies Law Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402724