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Monday, January 6, 2020

TATA Sons’ conversion: No specific slur on Registrar of Companies, says NCLAT

TATA Sons’ conversion: No specific slur on Registrar of Companies, says NCLAT
During the course of the hearing, the MCA on behalf of the RoC had submitted that in the absence of any prescription by the central government under any rule in terms of section 2 (66) of the Act, the paid-up share capital should be read as “zero”.

Source: TFE