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Sagar Soya Products Limited, a company listed on Bombay Stock Exchange has proposed reduction of its share capital under section 66 of the Act. The present equity paid up share capital of the Company is Rs. 5,85,16,890 divided into 5851689 equity shares of Rs. 10/- each.

In this case law we look at the applicability of Fair Value of Inventory into Capital Assets with reforms suggested in the IT Sections by CBDT.

IPO enables various businesses to raise risk capital for growth and gives exit to PE/VC through listing. The domestic capital pool has been strongly investing in IPOs. IPO in a way also enable promotors to have shares of listed company as currency for acquisition and further expansion. In fact, in a lot of IPOs domestic investors have bet more than their foreign counterparts.

SEBI Board looking for molding existing regulatory provisions in the best interest of Capital Market. This is a welcome move from the Regulators.

Titagarh Wagons Limited (TWL) will consolidate diversified business by merging CIMMCO Limited and Titagarh Capital Private Limited with TWL. The merger is a simple consolidation of similar business in a single entity by group reorganisation.

The rationale for creating huge paid-up capital of ₹499.14 crores of the merged entity having turnover of  ₹ 2086 crores and PAT under ₹150 crores is not clear except that Sumitomo does not want legacy of Excel as the continuing company.

Piramal Enterprises has a history of making over 50 acquisitions. The company is known for its efficient capital allocation. Both PEL and PPL have same the promoter group. Piramal Enterprises holds 17.53% stake in PPL which will get cancelled post-merger

Reduction of shares is the only way through which R T Exports can redeem/reduce/ the shares out of the company.

The government has decided to merger three banks - Bank of Baroda, Dena Bank and Vijaya Bank -- to reduce the amount of capital it needs to put into these banks and help clean their balance sheets.

Issuing differential voting rights, shall help companies to prevent hostile takeover as well as dilution of promoters voting rights. This allowance of superior rights holdings helps promoters/founders especially start-ups to raise huge capital without losing their control on major decisions of the company.

There may not be limitations in selecting outsiders as employees, but there would not be a higher degree of accountability that co-ownership alone can provide. Thus a proprietor may be preferred to explore other opportunities to bring in fresh ideas, approaches, and capital by changing the type of business into a partnership.

Downfall: Videocon goes into IBC