Reduction of Share Capital
All companies. Reduction of Share Capital requires a Special Resolution by shareholders confirmed by the National Company Law Tribunal (NCLT). It is a court-supervised process.
Shares move fast in a growing company. Compliance shouldn't be what slows it down. Section 66(1)-(11) is the line every share movement has to respect. The practical effect: requires special resolution Plus Tribunal confirmation. With Fi CTC Generator, this is a 3-minute task, not a 30-minute Word-template hunt.
Reduction of Share Capital is a court-supervised process requiring: (1) Special Resolution by shareholders; (2) confirmation by the NCLT; (3) compliance with creditor objection process. This is a multi-month process.
Section 66, Companies Act 2013
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