BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
What is required for a company's board to legally pass a resolution for the reduction of share capital as per Section 66?
1
Board resolution only
2
Ordinary resolution passed in a general meeting
3
Special resolution passed in a general meeting and confirmation from NCLT
4
Approval from debenture holders
5
Capital market approval