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2021 (5) TMI 645 - Tri - Companies LawDelay in causing paper publication the Applicant - Section 66 of Companies Act, 2013 - HELD THAT:- The delay of 128 days in causing paper publication is due to the reason that the mother of the Authorized Representative was diagnosed with Stage 4 cancer during the month of October 2019 and she died on 25.11.2019 and since the last rites was performed during the month of December 2019, the Authorized Representative has resumed office only with effect from 26.12.2019 and hence there was a delay in causing paper publication. The delay as stated by the Learned Authorized Representative for the Application seems to be plausible and reasonable and hence we hereby the delay of 128 days in causing paper publication is condoned. Reduction of share capital - section 66 of the Companies Act, 2013 - HELD THAT:- It is seen from the Application and the annexures filed therewith, the shareholders of the Applicant Company have approved the scheme of Reduction of Capital in the Extra ordinary General Meeting held on 01.03.2019 by way of Special Resolution, passed at this meeting - this Tribunal is of the view that it is just and proper to confirm the reduction of paid up share capital of the Applicant Company as resolved by the members of the Company by passing a special resolution and by way of the consents in the form of affidavit. While approving the Reduction of share capital, it is clarified that this order should not be construed as an order in any way granting exemption from payment of stamp duty, taxes or any other charges, if any payment is due or required in accordance with law or in respect to any permission/compliance with any other requirement which may be specifically required under any law - Application disposed off.
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