Reduction of share capital: creditors must object within three months with evidence or the claim will be treated as correct. Form RSC-3 notifies a named creditor that a petition has been presented to the National Company Law Tribunal for confirmation of a reduction of the company's share capital, records the creditor's entry, amount and nature of claim, and requires any objection with supporting documents and representative details to be sent to the company's authorised representative within three months; absent objection, the creditor's entry will be treated as correct in the reduction proceedings.
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: creditors must object within three months with evidence or the claim will be treated as correct.
Form RSC-3 notifies a named creditor that a petition has been presented to the National Company Law Tribunal for confirmation of a reduction of the company's share capital, records the creditor's entry, amount and nature of claim, and requires any objection with supporting documents and representative details to be sent to the company's authorised representative within three months; absent objection, the creditor's entry will be treated as correct in the reduction proceedings.
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