Get Started with ixamBee
Start learning 50% faster. Sign in now
Companies Act 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 paidup 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.
Statement: The Multi-Disciplinary Training Centre, Khadi and Village industries is organizing a one-week training in candle making.
I. The ...
Statement:
The Goods and Services Tax, to be rolled out next month as the biggest tax reform since independence, it simplifies taxes, will help I...
Consider the given statement and decide which of the given assumptions is/are implicit in the statement.
Statement:
A wealthy person has...
Statement: Farm fires, being touted as the major reason for unbreathable Delhi air, are shown to account for only 40% of the current spell of deadly ...
Statement : "The airline has introduced a special discount on fares during off-peak seasons."
Assumptions :
I. People may be encourage...
Statement: "The education ministry has launched a nationwide program to distribute free tablets to students in government schools."
Assumptio...
The process of document verification for CET in the state which is carried out in 16 offline centres, now needs to be migrated to an online mode.
Statement:
“From tomorrow morning, we will be on an indefinite strike till our demand for salary hike is met.” – a notice from the Presid...
A statement is given, followed by two assumptions I and II. You have to consider the statement and two assumptions and decide which of the assumption(s)...
