https://www.taxtmi.com/caselaws?id=458823 The HC confirmed the reduction of share capital as per the special resolution under sections 100 to 104 of the Companies Act, 1956. The petitioner-company complied with statutory requirements, secured necessary consents from creditors, and provided adequate notice to stakeholders. The court approved the reduction, ensuring no adverse effect on creditors or shareholders, and ordered registration with the RoC. The reduced share capital was set at Rs. 1,22,59,601, divided into 1,22,59,601 equity shares of Re. 1 each. en-us Wed, 08 Sep 2010 00:00:00 +0530 Mon, 18 Nov 2024 12:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458823 The HC confirmed the reduction of share capital as per the special resolution under sections 100 to 104 of the Companies Act, 1956. The petitioner-company complied with statutory requirements, secured necessary consents from creditors, and provided adequate notice to stakeholders. The court approved the reduction, ensuring no adverse effect on creditors or shareholders, and ordered registration with the RoC. The reduced share capital was set at Rs. 1,22,59,601, divided into 1,22,59,601 equity shares of Re. 1 each. Case-Laws Companies Law Wed, 08 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458823