Reduction of share capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2012
Ours is listed Company. We would like to demerge some investment in other company through Scheme of Arrangement Pursuant Scheme We have to issue some shares to abc (Treasury) before issuing the treasury We would like to cancel some equity shares held by treasury. Should we pass the special resolution through Postal Ballot OR we have to arrange EGM OR we have to pass through court convened meeting.
Please advice
Please advice
20 September 2012
Capital can not be reduced except the order of Court.
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2012
only in Court Convened Meeting (as directed by the Court) we have pass special resolution with regard to reduction of share capital ?
02 November 2012
Then the resolution shall be special resolution.
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