https://www.taxtmi.com/caselaws?id=408298 The Tribunal granted the application for reduction of share capital by the Private Limited Company under Section 66 of the Companies Act, 2013. The reduction, approved by the Board of Directors and Extra-Ordinary General Meeting through a special resolution, was supported by certificates from a Chartered Accountant and Auditor. With no creditors, dispensation was granted for certain publication requirements, and the reduction scheme was found compliant with Accounting Standards. Notices were directed to be published for objections, ensuring transparency and stakeholder protection throughout the process. en-us Wed, 05 May 2021 00:00:00 +0530 Mon, 07 Jun 2021 08:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408298 The Tribunal granted the application for reduction of share capital by the Private Limited Company under Section 66 of the Companies Act, 2013. The reduction, approved by the Board of Directors and Extra-Ordinary General Meeting through a special resolution, was supported by certificates from a Chartered Accountant and Auditor. With no creditors, dispensation was granted for certain publication requirements, and the reduction scheme was found compliant with Accounting Standards. Notices were directed to be published for objections, ensuring transparency and stakeholder protection throughout the process. Case-Laws Insolvency and Bankruptcy Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408298