Main Search Premium Members Advanced Search Disclaimer
Citedby 499 docs - [View All]
In Re: Global Trust Bank Ltd. vs Unknown on 3 September, 2004
In The Matter Of M/S. Reckitt ... vs -- on 3 October, 2011
Comat Infoscribe Private ... vs Nil on 23 March, 2004
Cosmosteels Private Ltd vs Jairam Das Gupta & Ors on 16 December, 1977
Sandvik Asia Limited vs Bharat Kumar Padamsi on 4 April, 2009

[Complete Act]
User Queries
Try out the Virtual Legal Assistant to build your case briefs as you use the website and to professionally manage your legal research. Become a Premium Member and enjoy ad-free experience. Free for three months and pay only if you like it.
Central Government Act
Section 100 in The Companies Act, 1956
100. Special resolution for reduction of share capital.
(1) Subject to confirmation by the Court, a company limited by shares or a company limited by guarantee and having a share capital, may, if so authorised by its articles, by special resolution, reduce its share capital in any way; and in particular and without prejudice to the generality' of the foregoing power, may--
(a) extinguish or reduce the liability on any of its shares in respect of share capital not paid up;
(b) either with or without extinguishing or reducing liability on any of its shares, cancel any paid- up share capital which is lost, or is unrepresented by available assets; or
(c) either with or without extinguishing or reducing liability on any of its shares, pay off any paid- up share capital which is in excess of the wants of the company; and may, if and so far as is necessary, alter its memorandum by reducing the amount of its share capital and of its shares accordingly.
(2) A special resolution under this section is in this Act referred to as" a resolution for reducing share capital".