https://www.taxtmi.com/caselaws?id=416028 The Tribunal confirmed the reduction of the Petitioner Company's share capital from Rs. 1,21,19,66,320 to Rs. 1,11,99,66,320 by cancelling 92,00,000 equity shares. The company complied with statutory requirements and addressed objections raised by authorities, including non-compliance with CSR provisions and unpaid statutory dues. The Tribunal's decision was based on commercial considerations and legal precedents, with no objections from shareholders. The company was directed to alter its Memorandum of Association and file necessary forms with the Registrar of Companies within 30 days to reflect the reduced share capital. en-us Wed, 08 Dec 2021 00:00:00 +0530 Sat, 18 Dec 2021 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416028 The Tribunal confirmed the reduction of the Petitioner Company's share capital from Rs. 1,21,19,66,320 to Rs. 1,11,99,66,320 by cancelling 92,00,000 equity shares. The company complied with statutory requirements and addressed objections raised by authorities, including non-compliance with CSR provisions and unpaid statutory dues. The Tribunal's decision was based on commercial considerations and legal precedents, with no objections from shareholders. The company was directed to alter its Memorandum of Association and file necessary forms with the Registrar of Companies within 30 days to reflect the reduced share capital. Case-Laws Companies Law Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416028