https://www.taxtmi.com/caselaws?id=310159 The court allowed the petition under Sections 100 to 105 of the Companies Act, 1956 for confirming the reduction of preference share capital. The petitioner company, facing financial challenges, sought to reflect a better financial position by reducing its share capital due to accumulated losses and eroded net worth. With approvals from relevant authorities and no objections received, the court sanctioned the resolution for reducing share capital approved in the Extra Ordinary General Meeting. The Registrar of Companies was directed to register the order and effect necessary alterations, with publication in specified newspapers. en-us Mon, 23 Mar 2015 00:00:00 +0530 Thu, 12 Oct 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310159 The court allowed the petition under Sections 100 to 105 of the Companies Act, 1956 for confirming the reduction of preference share capital. The petitioner company, facing financial challenges, sought to reflect a better financial position by reducing its share capital due to accumulated losses and eroded net worth. With approvals from relevant authorities and no objections received, the court sanctioned the resolution for reducing share capital approved in the Extra Ordinary General Meeting. The Registrar of Companies was directed to register the order and effect necessary alterations, with publication in specified newspapers. Case-Laws Companies Law Mon, 23 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310159