Section 66 Reduction of share capital- (1) Subject to confirmation by the Tribunal on an application by the company, a company limited by shares or limited by guarantee and having a share capital may, by a special resolution, reduce the share capital in any manner and in, particular, may— (a) extinguish or reduce the liability on any of its shares in respect of the share capital not paid-up; or (b) either with or without extinguishing or reducing liability on any of its shares,— (i) cancel any paid-up share capital which is lost or is unrepresented by available assets; or (ii) pay off any paid-up share capital which is in excess of the wants of the company, alter its memorandum by reducing the amount of its share capital and of its shares accordingly: Provided that no such reduction shall be made if the company is in arrears in the repayment of any deposit accepted by it, either before or after the commencement of this Act, or the interest payable thereon
The Committee on Insurance Sector Reforms was set up in
Who presented the first budget of independent India?
Who is the author of the book ‘Revolutionaries’?
A pure Monopoly is when there is single _______.
What is BIPA?
How many currency note printing presses are owned by the Government of India?
Goods whose demand increases as their price rises are known as?
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The long-term fiscal policy aims to maintain the stability of which of the following?
Which type of tax is levied directly on income and wealth?