https://www.taxtmi.com/caselaws?id=303564 The Bombay High Court, in a judgment by B.P. Colabawalla, J., approved the reduction of share capital by a company under Sections 100 to 105 of the Companies Act, 1956. The reduction involved canceling equity and preference shares, adjusting the Profit & Loss Account, and making cash payments to shareholders. With no objections and all statutory procedures followed, the court granted the Company Scheme Petition, dispensing with filing and issuance of the order. The petitioner was directed to publish notices in Mumbai newspapers. The judgment ensures compliance with legal provisions for the share capital reduction. en-us Fri, 22 Jul 2016 00:00:00 +0530 Sat, 30 Jul 2022 08:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303564 The Bombay High Court, in a judgment by B.P. Colabawalla, J., approved the reduction of share capital by a company under Sections 100 to 105 of the Companies Act, 1956. The reduction involved canceling equity and preference shares, adjusting the Profit & Loss Account, and making cash payments to shareholders. With no objections and all statutory procedures followed, the court granted the Company Scheme Petition, dispensing with filing and issuance of the order. The petitioner was directed to publish notices in Mumbai newspapers. The judgment ensures compliance with legal provisions for the share capital reduction. Case-Laws Companies Law Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303564