Reduction of share capital must be filed in Form RSC-1 with creditor lists, auditor certifications, and inspection fees. Applications to the Tribunal under section 66 must be in Form RSC-1 with prescribed fee and include: a class-wise creditors' list certified by the managing director or two directors dated within fifteen days of filing; an auditor's certificate verifying that list; an auditor's certificate and a director's declaration that the company is not in arrears on deposits or interest as of filing; and an auditor's certificate that the proposed accounting treatment conforms with the accounting standards under section 133 or other Act provisions. Copies of the creditors' list must be available at the registered office for inspection and extracts for specified fees.
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 share capital must be filed in Form RSC-1 with creditor lists, auditor certifications, and inspection fees.
Applications to the Tribunal under section 66 must be in Form RSC-1 with prescribed fee and include: a class-wise creditors' list certified by the managing director or two directors dated within fifteen days of filing; an auditor's certificate verifying that list; an auditor's certificate and a director's declaration that the company is not in arrears on deposits or interest as of filing; and an auditor's certificate that the proposed accounting treatment conforms with the accounting standards under section 133 or other Act provisions. Copies of the creditors' list must be available at the registered office for inspection and extracts for specified fees.
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