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Reduction in paid-up share capital of Cochin Aircraft Maintenance Company stand approved
Case Law Details
- Case Name
- Cochin Aircraft Maintenance Company Limited Vs Registrar of Companies- Kerala (NCLT Kochi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Cochin Aircraft Maintenance Company Limited Vs Registrar of Companies- Kerala (NCLT Kochi)
NCLT Kochi held that proposed reduction of paid-up capital is justified on commercial grounds, duly approved by the shareholders, and does not adversely affect any creditors, employees, or other stakeholders. The reduction is proportionate and lawful u/s. 66 of the Companies Act, 2013.
Facts- This application has been filed under Section 66 of the Companies Act, 2013, by the Managing Director of M/s. Cochin Aircraft Maintenance Company Limited seeking reliefs that the reduction of capi...
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