https://www.taxtmi.com/caselaws?id=408062 The Tribunal allowed the Petitioner Company's application for the reduction of share capital under section 66 of the Companies Act, 2013. The original reduction amount was revised, and the Tribunal accepted the company's compliance with statutory requirements, including addressing observations from the Regional Director. The company also assured adherence to FEMA regulations for foreign investment and pledged to comply with all applicable rules. The Tribunal approved the reduction of share capital, confirming the Special Resolution and specifying necessary steps for publication, approval, and regulatory compliance. en-us Mon, 03 May 2021 00:00:00 +0530 Mon, 31 May 2021 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408062 The Tribunal allowed the Petitioner Company's application for the reduction of share capital under section 66 of the Companies Act, 2013. The original reduction amount was revised, and the Tribunal accepted the company's compliance with statutory requirements, including addressing observations from the Regional Director. The company also assured adherence to FEMA regulations for foreign investment and pledged to comply with all applicable rules. The Tribunal approved the reduction of share capital, confirming the Special Resolution and specifying necessary steps for publication, approval, and regulatory compliance. Case-Laws Companies Law Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408062