https://www.taxtmi.com/caselaws?id=404596 The Tribunal allowed the reduction of share capital as per the Board's resolution, with compliance under Section 66 of the Companies Act 2013. The reduction was approved at an Extra Ordinary General Meeting and involved canceling paid-up share capital unrepresented by available assets. The applicant addressed deficiencies highlighted by the Regional Director, with no objections from creditors. The application was allowed and disposed of, with mandated publication in newspapers, concluding the legal proceedings successfully. en-us Thu, 18 Feb 2021 00:00:00 +0530 Fri, 26 Feb 2021 09:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404596 The Tribunal allowed the reduction of share capital as per the Board's resolution, with compliance under Section 66 of the Companies Act 2013. The reduction was approved at an Extra Ordinary General Meeting and involved canceling paid-up share capital unrepresented by available assets. The applicant addressed deficiencies highlighted by the Regional Director, with no objections from creditors. The application was allowed and disposed of, with mandated publication in newspapers, concluding the legal proceedings successfully. Case-Laws Companies Law Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404596