https://www.taxtmi.com/caselaws?id=296975 The High Court of Karnataka approved the reduction of share capital and securities premium account as per the Companies Act, 1956 and 2013. Shareholders unanimously resolved to reduce equity capital and securities premium account, complying with legal provisions. The Court accepted the resolution, reducing share capital and premium account balances, and directed the order to be filed with the Registrar of Companies. Compliance with procedural requirements was emphasized for completing the reduction process effectively. en-us Mon, 02 Feb 2015 00:00:00 +0530 Fri, 13 Aug 2021 21:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296975 The High Court of Karnataka approved the reduction of share capital and securities premium account as per the Companies Act, 1956 and 2013. Shareholders unanimously resolved to reduce equity capital and securities premium account, complying with legal provisions. The Court accepted the resolution, reducing share capital and premium account balances, and directed the order to be filed with the Registrar of Companies. Compliance with procedural requirements was emphasized for completing the reduction process effectively. Case-Laws Companies Law Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296975