https://www.taxtmi.com/caselaws?id=296152 The Tribunal approved the application under Section 66(1) of the Companies Act, 2013 for the reduction of share capital, allowing the company to reduce its paid-up equity share capital. The company followed statutory requirements, justified the reduction due to surplus funds, verified financial statements, and received no objections from authorities. The Tribunal confirmed the reduction, directed necessary alterations in the Memorandum of Association, and ordered filing within thirty days. The application was disposed of, confirming the reduction of share capital as proposed, ensuring compliance with legal procedures. en-us Tue, 11 Sep 2018 00:00:00 +0530 Wed, 07 Jul 2021 09:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296152 The Tribunal approved the application under Section 66(1) of the Companies Act, 2013 for the reduction of share capital, allowing the company to reduce its paid-up equity share capital. The company followed statutory requirements, justified the reduction due to surplus funds, verified financial statements, and received no objections from authorities. The Tribunal confirmed the reduction, directed necessary alterations in the Memorandum of Association, and ordered filing within thirty days. The application was disposed of, confirming the reduction of share capital as proposed, ensuring compliance with legal procedures. Case-Laws Companies Law Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296152