https://www.taxtmi.com/caselaws?id=467571 A reduction of share capital under the Companies Act, 2013 did not require separate class voting by public shareholders, because the special resolution requirement under Section 114(2) was met and Section 66 does not create a distinct voting class merely due to shareholder impact. The approved reduction was also not liable to be disturbed where it had overwhelming shareholder support, no valuation challenge was raised, and the public shareholders were offered an exit opportunity on fair terms. The majority-approved reduction therefore remained undisturbed, and objections raised by a small minority of public shareholders were rejected. en-us Tue, 23 Apr 2024 00:00:00 +0530 Tue, 24 Mar 2026 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467571 A reduction of share capital under the Companies Act, 2013 did not require separate class voting by public shareholders, because the special resolution requirement under Section 114(2) was met and Section 66 does not create a distinct voting class merely due to shareholder impact. The approved reduction was also not liable to be disturbed where it had overwhelming shareholder support, no valuation challenge was raised, and the public shareholders were offered an exit opportunity on fair terms. The majority-approved reduction therefore remained undisturbed, and objections raised by a small minority of public shareholders were rejected. Case-Laws Companies Law Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467571