Case Against 3 Accused for Helping Couple Identify Sex of Foetus in Female Foeticide Matter Not Quashed: Karnataka High Court
In a significant ruling on corporate law, the Supreme Court of India clarified that a valuation report is not mandatory for reduction of share capital under Section 66 Companies Act 2013. The Court explained that the statute does not impose any compulsory requirement for submitting a valuation report in every case of capital reduction. The judgment provides important guidance to companies seeking approval for restructuring their share capital through the…
