https://www.taxtmi.com/caselaws?id=408421 The Tribunal allowed the reduction of share capital for a Private Limited Company under Section 66 of the Companies Act, 2013. The authorized share capital was reduced from INR 1,00,00,000 to INR 1,00,000. The Company was directed to submit approved minutes to the Registrar of Companies, make necessary alterations in the Memorandum of Association, and file required forms within thirty days. Shareholders were to be paid the reduced amount proportionally. The application was granted, and the case was disposed of. en-us Mon, 31 May 2021 00:00:00 +0530 Thu, 10 Jun 2021 08:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408421 The Tribunal allowed the reduction of share capital for a Private Limited Company under Section 66 of the Companies Act, 2013. The authorized share capital was reduced from INR 1,00,00,000 to INR 1,00,000. The Company was directed to submit approved minutes to the Registrar of Companies, make necessary alterations in the Memorandum of Association, and file required forms within thirty days. Shareholders were to be paid the reduced amount proportionally. The application was granted, and the case was disposed of. Case-Laws Companies Law Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408421