A RESOLUTION RESCINDING AND RESTATING CAPITAL 2025

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Example of Capital Reduction Let us say that Company XYZ has 2,000,000 shares outstanding, and the share price is ₹50, resulting in a market capitalisation of ₹100 crore for Company XYZ. Due to excess cash reserves, Company XYZ decides to undertake a capital reduction by cancelling a portion of its shares.
A motion to rescind may only be made to rescind a main motion -- i.e., a motion to adopt an ordinance, resolution, order or other legislative act of the body. Unlike a motion to reconsider, a motion to rescind will not bring a matter back for further consideration or debate if adopted.
(3) In any general meeting referred to in sub-section (1), the resolution for reduction of share capital shall be passed by shareholders entitled to vote, voting in person, or, where proxies are allowed, by proxy, and the votes cast in favour of the resolution are not less than three times the number of the votes, if
Capital reduction of share capital can be used for a number of reasons including increasing shareholder value and producing a more efficient capital structure. Reducing a companys share capital can create distributable reserves, to pay dividends in the future.
Resolutions of the shareholders approving an increase in the authorized capital of the corporation. These resolutions are drafted as clauses to be inserted into minutes of a special meeting of shareholders or resolutions in writing of all the shareholders entitled to vote on the resolution.
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Return of Capital Resolution means the special resolution in respect of the (i) reduction of the Corporations stated capital by an amount equal to not less than the value of the Digital Shares and Digital Warrants acquired by the Corporation in the Private Placement, and (ii) the distribution of such Digital Shares

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