in case of capital reduction, prior approval of court is necessary in certain cases but my question I court means which court?
jurisdictional court
high court
supreme court
and if company or creditor doesn't satisfy with the decision then can they go at superior court???
Check out the concepts of hard and soft capital rationing as they could be the reasons for capital reduction. Or, the high court’s have the authority and supreme courts as well when related to share capital reduction. I’m not sure about district jurisdiction.
CAclubindia
