Dismissed
Nextenders (India) Private Limited Vs
Bombay HCCSD/684/2012
Case brief
AI extract
What is this about?
The Court disposed of an application for direction regarding reduction of share capital. It held that since the reduction did not involve diminution of liability or payment to shareholders, the procedure under Section 101(2) of the Companies Act, 1956 was dispensed with.
What did the court decide?
The provisions of Section 101(2) of the Companies Act, 1956 were dispensed with for the reduction of share capital.