Reduction of Share Capital
The client wants to write off accumulated losses, return surplus cash, or push a minority off the register, and reduction of capital is the instrument he has heard of. It is also the slowest and most expensive of the routes to those ends, so the first job is to work out whether he needs it at all.
- 8 pages
- 69
- Word and PDF
- 12 September 2026
The 3 formats inside
- 1Board resolution, reduction of share capital and authority to petition the Tribunals.66, NCLT (Procedure for Reduction of Share Capital of Company) Rules 2016On its own₹149
- 2Special resolution, reduction of share capitals.66(1)On its own₹149
- 3Working note, contents and annexures of the RSC-1 applications.66, NCLT (Procedure for Reduction of Share Capital of Company) Rules 2016On its own₹149
Read the opening
The first part of “Board resolution, reduction of share capital and authority to petition the Tribunal”, 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].