Reduction of capital or memorandum alteration requires application of Companies Act and Court Rules as directed by the court. An order under sections 397 or 398 involving a reduction of capital or an alteration of the memorandum requires that the Companies Act and the Company Court Rules applicable to those matters be applied as the Court directs, allowing the Court to specify procedural and substantive steps to implement the change.
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.
Reduction of capital or memorandum alteration requires application of Companies Act and Court Rules as directed by the court.
An order under sections 397 or 398 involving a reduction of capital or an alteration of the memorandum requires that the Companies Act and the Company Court Rules applicable to those matters be applied as the Court directs, allowing the Court to specify procedural and substantive steps to implement the change.
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