Reduction of share capital SEC 66

Corporate & Other Laws

Can anyone explain point (ii)

Nikhil Vasanth

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22-Apr-22 11:06

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Answers (4)

What u didn't understand

Pandusml V

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22-Apr-22 17:44

Pandusml V

What u didn't understand

Point (ii) here ... Can you explain in simple words what they mean??

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Nikhil Vasanth

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22-Apr-22 17:52

Means if company didn't inform the decision that it wanted to reduce capital to creditor and he ( creditor ) not included in list of creditors then persons present on that date of order would be held liable

Pandusml V

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22-Apr-22 20:21

Pandusml V

Thank you

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Nikhil Vasanth

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24-Apr-22 16:28