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2022 (11) TMI 349 - Tri - Companies LawSeeking approval of scheme of Capital Reduction - Section 66 of the Companies Act, 2013 - HELD THAT:- The Certificate issued by the Statutory Auditor confirming that the Applicant Company has no default in arrears of repaying deposits has been annexed at Annexure 8 to the Application. The affidavit of the Managing Director and the Director of the company verifying that there are NIL Secured and NIL unsecured creditors in the company is placed as Annexure-6 of the Application typeset. In consonance with the provisions of this Act as well as the rules framed thereunder, the Applicant Company amongst other documents, have also filed a certificate dated 28.07.2022 from the Statutory Auditor issued to the effect that the accounting treatment for the Reduction of Share Capital is in conformity with the Accounting Standards with respect to the same as specified by the Central Government read with Section 133 of the Companies Act, 2013. The Applicant Company is directed to give notice of the instant Application within a period of 7 days from the date of receipt of this order to the (i) Central Government, (ii) the Registrar of Companies having jurisdiction over the files of the Applicant Company (iii) SEBI and any other relevant sectoral regulators - Application allowed.
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