Section 96: Publication of reasons for reduction
The Companies Act, 2017 · Federal Acts · in_force
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96. Publication of reasons for reduction.—In the case of reduction of share capital, the Court may require the company to publish in the manner specified by the Court the reasons for reduction, or such other information in regard thereto as the Court may think expedient with a view to giving proper information to the public, and, if the Court thinks fit, the causes which led to the reduction.
Effective date: 2017-05-30
Related sections
Section 95: Penalty on concealment of name of creditorSection 97: Increase and reduction of share capital in case of a company limited by guaranteeSection 94: Liability of members in respect of reduced sharesSection 98: Limited company may have directors with unlimited liabilitySection 93: Registration of order of reductionSection 99: Special resolution of limited company making liability of directors unlimited
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