Reduction of Share capital - NCLT Order

Rakesh Rao (CA Final Student) (408 Points)

31 October 2019  

NCLT has ordered reduction of Share capital, however Certified true copy has been received after almost 2 months. Which date should be considered for Capital reduction in books of accounts?? "Date of passing of Order" or "Date of Certified true copy"??

My opinion is Date of Certified true copy should be considered because:

1) INC-28 should be filed within 30 days from receipt of Certified true copy and not from date of passing of order

2) All limitation periods of Court/Tribunals if any applied are from date of receipt of Certified true copy.

Please share your opinion. Thanks in Advance.