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of <h1>Section 66: Creditors and authorities must submit representations on share capital reduction within three months of notice.</h1> Under the National Company Law Tribunal Rules, 2016, authorities or creditors of a company can make representations regarding the reduction of share capital under section 66. These representations must be submitted to the Tribunal within three months from receiving notice. A copy must also be sent to the company. If no representation is received within this period, it is assumed there are no objections to the share capital reduction.
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