Reduction of share capital: creditors may inspect the creditor list and file objections within the prescribed period before hearing. Form RSC-4 requires a notice for an application to the Tribunal for confirming a reduction of share capital to state petition details, provide inspection access to the list of creditors at the registered office during specified days and hours, and confirm that individual creditor notices have been issued. Creditors must send objections with supporting documents and contact details to the authorised representative within three months; if no objection is received, the creditor list entries will be treated as correct in all proceedings. The notice must also state the hearing date and invite creditors who wish to attend to request permission and submit objections.
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 may inspect the creditor list and file objections within the prescribed period before hearing.
Form RSC-4 requires a notice for an application to the Tribunal for confirming a reduction of share capital to state petition details, provide inspection access to the list of creditors at the registered office during specified days and hours, and confirm that individual creditor notices have been issued. Creditors must send objections with supporting documents and contact details to the authorised representative within three months; if no objection is received, the creditor list entries will be treated as correct in all proceedings. The notice must also state the hearing date and invite creditors who wish to attend to request permission and submit objections.
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