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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Reduction of share capital: three-month window for representations to Tribunal; non-receipt deemed no objection and process proceeds</h1> Rule 4 prescribes that authorities and creditors entitled to make representations under sub-section (2) of section 66 must submit any representation to the Tribunal within three months from receipt of the statutory notice, with a copy simultaneously served on the company; failure to submit a representation within that period results in a legal presumption that they have no objection to the proposed reduction of share capital. The provision thereby establishes a mandatory procedural deadline, a simultaneous service requirement on the company, and a conclusive presumption on non-receipt.
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