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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.