Theodore Lowe, Ap #867-859
Sit Rd, Azusa New York
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Certificate issued by Registrar RSC 3 | Download Free Templates
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1. What is Form RSC 3 ?
This form is filed pursuant to NCLT (Procedure for Reduction of Share Capital of Co.) Rules, 2016. As per the rule, The Tribunal shall, within fifteen days of submission of the application under rule 2, give notice, or direct that notice be given to the creditors of the company, in all cases in form RSC 3 seeking their representations and objections. The notice shall be sent, within seven days of the direction to each creditor whose name is entered in the list of creditors submitted by the company about the presentation of the application and of the said list, stating the amount of the proposed reduction of share capital and the amount or estimated value or the debt or the contingent debt or claim or both for which such creditor’s name is entered in the said list, and the time within which the creditor may send his representations and objections.
2. Why is it important?
a. It is statutory requirement.
b. It helps in maintaining transparency among the creditors of the company.
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Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.