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 ... Summary
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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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