Minute approval requirement: company must file draft minute and obtain judge's approval after capital reduction order. Where a company's reduction of capital is ordered, the company must file within seven days a draft minute containing the statutory particulars for the Judge's approval and take an appointment for that approval; the company's advocate must attend, and the confirming order approving the minute is to be in Form No. 30 with necessary variations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minute approval requirement: company must file draft minute and obtain judge's approval after capital reduction order.
Where a company's reduction of capital is ordered, the company must file within seven days a draft minute containing the statutory particulars for the Judge's approval and take an appointment for that approval; the company's advocate must attend, and the confirming order approving the minute is to be in Form No. 30 with necessary variations.
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