https://www.taxtmi.com/caselaws?id=429255 The application for reduction of share capital by Mundra LPG Terminal Private Limited was allowed by the tribunal. The company followed procedural requirements under Section 66 of the Companies Act, 2013, and obtained shareholder approval. The reduction aimed to improve the balance sheet presentation and raise funds for future profitability. Legal precedents supported the selective reduction, and there were no objections from creditors or stakeholders. The tribunal directed the company to publish the reduction and notify relevant authorities, concluding that the reduction was compliant and beneficial for the company and its stakeholders. en-us Tue, 11 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429255 The application for reduction of share capital by Mundra LPG Terminal Private Limited was allowed by the tribunal. The company followed procedural requirements under Section 66 of the Companies Act, 2013, and obtained shareholder approval. The reduction aimed to improve the balance sheet presentation and raise funds for future profitability. Legal precedents supported the selective reduction, and there were no objections from creditors or stakeholders. The tribunal directed the company to publish the reduction and notify relevant authorities, concluding that the reduction was compliant and beneficial for the company and its stakeholders. Case-Laws Companies Law Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429255