Board resolution, reduction of share capital and authority to petition the Tribunal
A single format from the Reduction of Share Capital pack. s.66, NCLT (Procedure for Reduction of Share Capital of Company) Rules 2016.
- 3 pages
- 32
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, reduction of share capital and authority to petition the Tribunals.66, NCLT (Procedure for Reduction of Share Capital of Company) Rules 2016
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Certified true copy of the resolutions passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the board meeting]
REDUCTION OF THE SHARE CAPITAL OF THE COMPANY UNDER SECTION 66 OF THE COMPANIES ACT, 2013
The Chairman informed the Board that the issued, subscribed and paid-up share capital of the Company is Rs [Paid-up share capital before reduction (Rs)] divided into [Number of equity shares before reduction] equity shares of Rs [Face value per equity share before reduction (Rs)] each, fully paid up, and that the audited financial statements of the Company as at [Date of the audited financial statements] disclose accumulated losses of Rs [Accumulated losses (Rs)] [/ cash and cash equivalents of Rs ____ which are surplus to the present and foreseeable requirements of the Company].