https://www.taxtmi.com/caselaws?id=296329 The Tribunal allowed the application for reduction of share capital, reducing the company's capital from Rs. 16,47,18,540 to Rs. 15,88,13,360 by cancelling 3.59% of shares held by public shareholders. The decision complied with Section 66 of the Companies Act, 2013, and the valuation by independent valuers was deemed fair and reasonable. The Tribunal upheld the legality of selective reduction and dismissed objections raised by minority shareholders and the Regional Director, emphasizing corporate governance principles. en-us Tue, 27 Oct 2020 00:00:00 +0530 Thu, 15 Jul 2021 08:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296329 The Tribunal allowed the application for reduction of share capital, reducing the company's capital from Rs. 16,47,18,540 to Rs. 15,88,13,360 by cancelling 3.59% of shares held by public shareholders. The decision complied with Section 66 of the Companies Act, 2013, and the valuation by independent valuers was deemed fair and reasonable. The Tribunal upheld the legality of selective reduction and dismissed objections raised by minority shareholders and the Regional Director, emphasizing corporate governance principles. Case-Laws Companies Law Tue, 27 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296329