https://www.taxtmi.com/caselaws?id=311839 The HC approved the reduction of equity share capital by the petitioner company through a Special Resolution under the Companies Act, 2013. The company complied with all statutory requirements, and no objections were raised. The Court granted the Company Scheme Petition, allowing the reduction of up to 91,00,000 equity shares, returning capital not exceeding Rs. 100,00,00,000 to shareholders. The Court directed parties to act on an ordinary copy of the order, and the petitioner was instructed to publish notices in designated newspapers and the Maharashtra Government Gazette regarding the registration of the order and minutes of reduction. en-us Sat, 16 Apr 2016 00:00:00 +0530 Tue, 16 Jan 2024 21:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311839 The HC approved the reduction of equity share capital by the petitioner company through a Special Resolution under the Companies Act, 2013. The company complied with all statutory requirements, and no objections were raised. The Court granted the Company Scheme Petition, allowing the reduction of up to 91,00,000 equity shares, returning capital not exceeding Rs. 100,00,00,000 to shareholders. The Court directed parties to act on an ordinary copy of the order, and the petitioner was instructed to publish notices in designated newspapers and the Maharashtra Government Gazette regarding the registration of the order and minutes of reduction. Case-Laws Companies Law Sat, 16 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311839