Application u/s. 66 of Companies Act for reduction of share capital approved: NCLT Ahmedabad

In re Mahan Industries Limited (NCLT Ahmedabad) NCLT Ahmedabad approved application filed u/s. 66 of the Companies Act, 2013 by Mahan Industries Limited for reduction of share capital as approved by the Shareholders by passing a Special Resolution. Facts- This is an application filed under Section 66 of the Companies Act, 2013 seeking confirmation in the reduction of share capital of Mahan Industries Limited approved by the Shareholders by the Special Resolution. Conclusion- Held that it is just and proper to confirm the Reduction of Share capital of the Petitioner Company as resolved by the ...