https://www.taxtmi.com/caselaws?id=301836 The court confirmed the resolution for reducing the share capital under Section 100 of the Companies Act, 1956. The company followed proper procedures, including notifying creditors and protecting shareholders' interests by paying them at a higher rate. The court found no detriment to public interest or national policy and directed the Registrar of Companies to register the resolution. The company was instructed to publish a notice of registration in newspapers. Relief was granted to the petitioner, and the resolution was approved. en-us Tue, 07 May 2013 00:00:00 +0530 Tue, 18 Apr 2023 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301836 The court confirmed the resolution for reducing the share capital under Section 100 of the Companies Act, 1956. The company followed proper procedures, including notifying creditors and protecting shareholders' interests by paying them at a higher rate. The court found no detriment to public interest or national policy and directed the Registrar of Companies to register the resolution. The company was instructed to publish a notice of registration in newspapers. Relief was granted to the petitioner, and the resolution was approved. Case-Laws Companies Law Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301836