Petition under section 101 of companies act 1956
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2014
Please clarify that the powers of Tribunal under section 101 of companies act 1956 are exercised by CLB or High Court. Kindly provide the supporting circular if any.
Thanks
Please clarify that the powers of Tribunal under section 101 of companies act 1956 are exercised by CLB or High Court. Kindly provide the supporting circular if any.
Thanks
CS Mitesh Mehta
(Expert)
23 December 2014
After passing the special resolution for the reduction of capital, the company is required to apply to the Court by way of petition for the confirmation of the resolution under Section 101 Companies Act 1956.
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