WebFollow these steps if your company wants to reduce its share capital by filing an Order of Court. 1. Pass a special resolution that is approved by the members. 2. Apply for a court order to approve the reduction. If approved, you must file a “ Notice of Court Order for … Web233 and 235 to 240 of the Companies Act 2013 (‘CA 2013’) and CR Rules relate to procedure for reduction of share capital of company provided in section 66 of the CA 2013. These sections relating to CA rules and CR rules were notified recently by MCA on 7 …
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WebJun 18, 2024 · The assessee received new shares as a result of its rights to the original shares on the reduction of capital which was merely a case of substitution of one kind of … WebDec 20, 2024 · The solvency statement can be made 20 days before the date of passing of the special resolution (for reducing share capital) at the earliest. However, a solvency … system sensor scrl manual
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WebApr 11, 2024 · Bursa Malaysia Securities Bhd has approved FSBM Holdings Bhd’s proposed regularisation plan, about 19 months after the Practice Note 17 (PN17) company first proposed its plan on Oct 15, 2024. In a filing on Tuesday, the information technology service and systems provider said its regularisation plan comprises a proposed capital reduction … Webshareholder qua the company. Therefore, reduction of a share capital amounts to transfer in view of the provisions of Section 2(47) of the Act. the charging provisions of Section 45 of … WebOct 8, 2024 · Under the Income Tax Act, 1961 (Act), taxability arises on 'transfer' of a 'capital asset' situated in India irrespective of the place of receipt of consideration system sensor outdoor horn