https://www.taxtmi.com/caselaws?id=404903 The Tribunal upheld the reduction of share capital under Section 66 of the Companies Act, 2013, allowing selective reduction without discrimination. It directed the company to revalue shares based on current financial status to ensure fair compensation to minority shareholders. The Tribunal emphasized the importance of public shareholders receiving a fair price for their shares and upheld the company's position on Dividend Distribution Tax (DDT) following the amendment by the Finance Act, 2020. The appeal was allowed with instructions for revaluation and fair compensation to shareholders. en-us Fri, 05 Mar 2021 00:00:00 +0530 Sat, 06 Mar 2021 09:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404903 The Tribunal upheld the reduction of share capital under Section 66 of the Companies Act, 2013, allowing selective reduction without discrimination. It directed the company to revalue shares based on current financial status to ensure fair compensation to minority shareholders. The Tribunal emphasized the importance of public shareholders receiving a fair price for their shares and upheld the company's position on Dividend Distribution Tax (DDT) following the amendment by the Finance Act, 2020. The appeal was allowed with instructions for revaluation and fair compensation to shareholders. Case-Laws Companies Law Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404903