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        Companies Law

        Rule 5 - Procedure with regard to representations and objections received.

        National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016
        Chapter 01

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        Reduction of share capital procedure requires submission of objections and permits directions to secure dissenting creditors' claims. The company must submit all representations or objections received, with the company's responses, to the Tribunal within seven days after the relevant period, and the Tribunal may give directions including holding enquiries or hearings, secure debts or claims of dissenting creditors, and adjourn further hearing to enable the company to comply with such directions.
                          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 procedure requires submission of objections and permits directions to secure dissenting creditors' claims.

                              The company must submit all representations or objections received, with the company's responses, to the Tribunal within seven days after the relevant period, and the Tribunal may give directions including holding enquiries or hearings, secure debts or claims of dissenting creditors, and adjourn further hearing to enable the company to comply with such directions.


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