Dear All,
In case of Reduction of share Capital, Company needs to obtain No objection from the Credtiors for the Said Reduction.
In order to dispense with the procedural formalities under section 101(2), the Company wants to get conset letter from the Creditors for the said Reduction well in advance.
Can anyone let me know which date creditors to be considered for the said Purpose?? I mean whether Board Meeting date Creditors or EOGM date Creditors in which the Special resolution was passed.
Thanks & Regards
CAclubindia
