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NATIONAL COMPANY LAW TRIBUNAL
SANJIV JAIN, Judicial Member, VENKATARAMAN SUBRAMANIAM, Technical Member
PERFINT HEALTHCARE PRIVATE LIMITED VS
| Table of Content |
|---|
| 1. company seeks capital reduction due to losses eroding net worth. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13) |
| 2. shareholder-approved selective share cancellation and set-off. (Para 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23) |
| 3. satisfactory compliance with regional director queries and undertakings. (Para 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31) |
| 4. securities premium utilization for loss adjustment upheld. (Para 32 , 33 , 34) |
| 5. reduction confirmed with compliance directions. (Para 35 , 36 , 37 , 38 , 39) |
VENKATARAMAN SUBRAMANIAM, MEMBER (TECHNICAL)
For Petitioner: Mr. B. Ramana Kumar, Mr. Gajendran Ravi, Ms.A.Ramya, Ms.R.Subhitsha For RD: Mr. Avinash Krishnan Ravi, Advocate O R D E R (Hearing Conducted through VC)
1. This Petition has been filed by Perfint Healthcare Private Limited under Section 66 and other applicable provisions of the Companies Act, 2013, seeking reliefs as follows;
a. That the requirement of giving notice to the creditors in accordance with Rule 3(1)(iii) of the NCLT (Procedure for reduction of share capital of company) Rules, 2016 be dispensed with;
b. That the requirement of publication of notice in accordance with Rule 3(3) of
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