https://www.taxtmi.com/caselaws?id=404936 The NCLAT directed the company to revalue shares based on the latest financial data, ensuring fair compensation to public shareholders. The reduction of share capital was upheld, emphasizing the importance of reflecting the current financial status for valuation. The company was not held liable for Dividend Distribution Tax (DDT) post-abolition in 2020, with the tribunal highlighting the need for updated valuations to protect shareholders' interests. The appeal was allowed without costs, with a directive for revaluation based on current financial statements. en-us Fri, 05 Mar 2021 00:00:00 +0530 Mon, 08 Mar 2021 09:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404936 The NCLAT directed the company to revalue shares based on the latest financial data, ensuring fair compensation to public shareholders. The reduction of share capital was upheld, emphasizing the importance of reflecting the current financial status for valuation. The company was not held liable for Dividend Distribution Tax (DDT) post-abolition in 2020, with the tribunal highlighting the need for updated valuations to protect shareholders' interests. The appeal was allowed without costs, with a directive for revaluation based on current financial statements. Case-Laws Insolvency and Bankruptcy Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404936