Reduction in paid-up share capital of Cochin Aircraft Maintenance Company stand approved

Page ContentsCochin Aircraft Maintenance Company Limited Vs Registrar of Companies- Kerala (NCLT Kochi) 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....