Reduction of share capital: authorities and creditors may file representations within three months; absence presumed no objection.

Rule 4 provides that specified authorities or creditors may make representations under sub section (2) of section 66 in reduction of share capital cases, and must send those representations to the Tribunal within three months of receipt of the notice; copies must be simultaneously served on the company, and absence of any representation within that period is presumed to be no objection to the reduction.

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