https://www.taxtmi.com/caselaws?id=423661 The Tribunal confirmed the reduction of share capital for a company under the Companies Act, 2013. The company's application, supported by shareholder approval, compliance with legal procedures, and confirmation from the Regional Director, was deemed appropriate. The Tribunal emphasized continued compliance with statutory obligations post-approval, warning of potential consequences for non-compliance with SEBI, FEMA, and Income Tax laws. The reduction of share capital was approved, subject to adherence to all legal requirements and regulations. en-us Wed, 01 Jun 2022 00:00:00 +0530 Sat, 11 Jun 2022 08:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423661 The Tribunal confirmed the reduction of share capital for a company under the Companies Act, 2013. The company's application, supported by shareholder approval, compliance with legal procedures, and confirmation from the Regional Director, was deemed appropriate. The Tribunal emphasized continued compliance with statutory obligations post-approval, warning of potential consequences for non-compliance with SEBI, FEMA, and Income Tax laws. The reduction of share capital was approved, subject to adherence to all legal requirements and regulations. Case-Laws Companies Law Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423661