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of <h1>NCLT to Issue Notices Within 15 Days for Share Capital Reduction; Objections Due in 3 Months as per 2016 Rules.</h1> The National Company Law Tribunal (NCLT) must issue notices within fifteen days of receiving an application for share capital reduction, as per the 2016 Rules. Notices are sent to the Central Government, Registrar of Companies, the Securities and Exchange Board of India for listed companies, and creditors, inviting representations and objections. Notices to creditors must be sent within seven days of Tribunal direction, detailing the proposed reduction and creditor claims. Public notices are published in newspapers and on the company website. Objections must be filed within three months. An affidavit confirming notice dispatch is required within seven days. The Tribunal may waive notice requirements if all creditor claims are resolved.
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