https://www.taxtmi.com/caselaws?id=296160 The Bombay High Court granted the Company Scheme Petition for the reduction of share capital under Section 101(2) of the Companies Act, 1956. The court found that all statutory requirements were met, no objections were raised, and the necessary resolutions were passed. The Company was directed to publish notices in newspapers and comply with Registrar of Companies' instructions. The court emphasized the importance of following due process in reducing share capital and ensuring stakeholders are informed, ultimately making the petition absolute. en-us Fri, 22 Jul 2016 00:00:00 +0530 Wed, 07 Jul 2021 09:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296160 The Bombay High Court granted the Company Scheme Petition for the reduction of share capital under Section 101(2) of the Companies Act, 1956. The court found that all statutory requirements were met, no objections were raised, and the necessary resolutions were passed. The Company was directed to publish notices in newspapers and comply with Registrar of Companies' instructions. The court emphasized the importance of following due process in reducing share capital and ensuring stakeholders are informed, ultimately making the petition absolute. Case-Laws Companies Law Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296160