What is capital reduction?

Capital reduction under Section 66 allows a company to reduce its share capital by cancelling paid-up capital that is lost or unrepresented by available assets, or by paying off excess capital.

Is NCLT approval mandatory for capital reduction?

Yes, capital reduction requires NCLT confirmation under Section 66. The NCLT ensures that creditor interests are protected before confirming the reduction.

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NCLT & TribunalNCLT Matters

Reduction of Capital

Capital reduction under Section 66 of the Companies Act 2013 with NCLT confirmation order, including cancellation of paid-up capital or reduction of liability.

Starting from

₹34,999

Exclusive of GST

State pricing

10 days

Estimated delivery

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What's Included

Special Resolution Drafting

NCLT Petition Filing

Creditor Notice

NCLT Confirmation Order

ROC Filing

How It Works

Special Resolution

Pass special resolution for capital reduction under Section 66. File MGT-14 with MCA within 30 days.

NCLT Petition

File petition with NCLT for confirmation of capital reduction. NCLT will issue notice to creditors.

Creditor Objections

Address any creditor objections. NCLT may require security for creditor claims.

NCLT Confirmation Order

Obtain NCLT confirmation order for capital reduction.

ROC Filing

File certified copy of NCLT order with ROC. Capital reduction takes effect on registration.

Documents Required

Special resolution for capital reductionRequired

Audited financial statementsRequired

List of creditors with amounts dueRequired

Solvency declaration from directorsRequired

Valuation report (if shares are being cancelled)Optional

Frequently Asked Questions

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