https://www.taxtmi.com/caselaws?id=430383 The Tribunal found that the Single Member Bench was competent to hear the matter post-remand. It determined that the Special Resolution for reduction of share capital was invalid as it did not follow SEBI Exit Circulars, and the valuation of shares was flawed. The company was directed to provide voluntary exit to non-promoter shareholders as per SEBI's guidelines, engaging an independent valuer for revaluation and ensuring timely payment with interest. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 10:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430383 The Tribunal found that the Single Member Bench was competent to hear the matter post-remand. It determined that the Special Resolution for reduction of share capital was invalid as it did not follow SEBI Exit Circulars, and the valuation of shares was flawed. The company was directed to provide voluntary exit to non-promoter shareholders as per SEBI's guidelines, engaging an independent valuer for revaluation and ensuring timely payment with interest. Case-Laws Companies Law Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430383