Reduction of share capital: notice invites representations within three months, failing which no objection will be presumed. Form RSC-2 notifies the Central Government, Registrar of Companies and, if applicable, SEBI of an application to the Tribunal for confirmation of a company's reduction of share capital, encloses the application and attachments, and requires any representations to be made to the Tribunal within three months with a simultaneous copy to the company; absence of representation within that period is presumed to signify no objection.
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: notice invites representations within three months, failing which no objection will be presumed.
Form RSC-2 notifies the Central Government, Registrar of Companies and, if applicable, SEBI of an application to the Tribunal for confirmation of a company's reduction of share capital, encloses the application and attachments, and requires any representations to be made to the Tribunal within three months with a simultaneous copy to the company; absence of representation within that period is presumed to signify no objection.
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