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    Capital Reduction After Conversion of CCPS

    Posted By : Kamal / Published on : 09-Jul-2021 04:20 PM / View : 1044 / Comment : 0

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    Hello,

    CCPS of Rs35 lakh (7000 of 500 each) got converted into 7000 equity shares of 100 each I.e. Rs.7 lakh. So capital has reduced by Rs.28 lakh. Do we need to approach the NCLT as capital is getting reduced? What forms will be filed with ROC to intimate reduced capital? What will be accounting treatment of the Rs.28 lakh reduction in capital?
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