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  • Certificate issued by Registrar RSC 5 | Download Free Templates

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Certificate issued by Registrar RSC 5 | Download Free Templates

Team Lawyered
Team Lawyered
  • Jun 29, 2021
  • 2 min to read
Certificate issued by Registrar RSC 5 | Download Free Templates Lawyered

1. What is Form RSC 5 ? 

This form is filed pursuant to NCLT (Procedure for Reduction of Share Capital of Co.) Rules, 2016. As per the rule, The company or the person who was directed to issue notices and the publication in the newspaper shall not later than seven days from the date of issue of such notices, file an affidavit in Form No. RSC-5 confirming the despatch and publication of the notice. Where the Tribunal is satisfied that the debt or claim of every creditor has been discharged or determined or has been secured or his consent is obtained, it may dispense with the requirement of giving notice to creditors or publication of notice under this rule or both. 

2. Why is it important? 

a. It is statutory requirement 

b. It helps in maintaining transparency on the part of the company

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Lawyered is a legal tech initiative designed to change the way people interact with and within the legal industry. We believe that access to critical services like legal should be just a click away. Our team is working to bring legal online, making it cost effective, high quality and accessible for all.

Comments:

Blog Comment
Sophie Asveld

February 14, 2019

Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.

Blog Comment
Sophie Asveld

February 14, 2019

Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.

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