Reduction of share capital: judge may direct creditor lists, notice publication and other procedural steps at the summons hearing. The Judge at the hearing of a summons may direct procedural steps for a proposed reduction of capital-where liability for unpaid share capital is diminished or paid-up capital is returned, or where the Judge applies the statutory procedure-including settling the list of creditors entitled to object (and dispensing with procedural requirements for classes of creditors), fixing the date for that list, directing publication of notices, and fixing times for all other necessary steps; the resultant order shall follow the prescribed court form with appropriate variations.
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Reduction of share capital: judge may direct creditor lists, notice publication and other procedural steps at the summons hearing.
The Judge at the hearing of a summons may direct procedural steps for a proposed reduction of capital-where liability for unpaid share capital is diminished or paid-up capital is returned, or where the Judge applies the statutory procedure-including settling the list of creditors entitled to object (and dispensing with procedural requirements for classes of creditors), fixing the date for that list, directing publication of notices, and fixing times for all other necessary steps; the resultant order shall follow the prescribed court form with appropriate variations.
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