https://www.taxtmi.com/caselaws?id=429925 The Tribunal approved the Applicant's scheme of Capital Reduction under Section 66 of the Companies Act, 2013. The reduction of paid-up share capital by 68%, consolidation of shares, and writing off accumulated losses were granted after the Applicant fulfilled all statutory requirements, including obtaining necessary approvals, passing special resolutions, and submitting relevant documents. The Tribunal directed the Applicant to notify authorities, publish notices, and file an affidavit confirming compliance within a specified timeframe, with objections allowed within three months. The Application was set for a hearing on a specified date for additional orders. en-us Mon, 17 Oct 2022 00:00:00 +0530 Tue, 08 Nov 2022 09:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429925 The Tribunal approved the Applicant's scheme of Capital Reduction under Section 66 of the Companies Act, 2013. The reduction of paid-up share capital by 68%, consolidation of shares, and writing off accumulated losses were granted after the Applicant fulfilled all statutory requirements, including obtaining necessary approvals, passing special resolutions, and submitting relevant documents. The Tribunal directed the Applicant to notify authorities, publish notices, and file an affidavit confirming compliance within a specified timeframe, with objections allowed within three months. The Application was set for a hearing on a specified date for additional orders. Case-Laws Companies Law Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429925