Corporate Tax Services

Reduction of share capital under Section 66 of the Companies Act, 2013 , involves reducing the issued, subscribed, and paid-up share capital of a company.  Such reduction can take on different forms, such as with or without payout, and can be selective for a specific class of shares. However, it does  not include buy-back of … Read more

Demergers in India is undertaken to separate a business unit from a business structure, for reasons such as focusing on core operations or unlocking value for shareholders. Introduction to Demergers in India According to Section 2(19AA) of the Income Tax Act, 1961, demergers refer to a form of corporate restructuring wherein: One or more business … Read more