Steps involved for reduction of Share Capital for unlisted Indian Companies :- A company limited by shares or limited by guarantee and having a share capital, desirous of reducing its capital may do so in the following manner:
Certain provisions of the Companies (Amendment) Act, 2017 have been notified on 26th January, 2018, 9th February, 2018 and 7th May, 2018 respectively. The details of the section which are now applicable are as follows:
Various sections of Companies(Amendment) Act, 2017 had been notified by the Government.The note summarizes the sections which have been notified till date.
In the article an effort has been to summarize all the provisions relating to Corporate Social Responsibility Activity under the Companies Act, 2013.
