https://www.taxtmi.com/caselaws?id=416897 The Tribunal approved the reduction of the Petitioner Company's share capital, reducing it from INR 1,34,83,45,660 to INR 1,22,57,68,780 by cancelling 1,22,57,688 equity shares held by EBWT. The Tribunal directed the alteration of the Memorandum of Association and filing of necessary forms with the Registrar of Companies. The decision was deemed compliant with legal provisions, beneficial to shareholders, and had no adverse impact on creditors. The company's responses to the Regional Director's observations ensured transparency and legal compliance. en-us Thu, 23 Dec 2021 00:00:00 +0530 Mon, 10 Jan 2022 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416897 The Tribunal approved the reduction of the Petitioner Company's share capital, reducing it from INR 1,34,83,45,660 to INR 1,22,57,68,780 by cancelling 1,22,57,688 equity shares held by EBWT. The Tribunal directed the alteration of the Memorandum of Association and filing of necessary forms with the Registrar of Companies. The decision was deemed compliant with legal provisions, beneficial to shareholders, and had no adverse impact on creditors. The company's responses to the Regional Director's observations ensured transparency and legal compliance. Case-Laws Companies Law Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416897