Section 66 of the Companies Act, 2013 and the provisions with respect to Reduction of Share Capital of a Company.
Section 66 of Companies Act, 2013, is a part of chapter IV (Share Capital and Debentures), it primarily discusses the steps for a company to reduce its share capital and provide disclosures for the same.
Although a partnership is governed by the Indian Partnership Act 1932, it provides the basic legal framework for the relation between two or more individuals entered into a partnership. However, it is beneficial for the partners to create a partnership agreement inter-se, to clearly define the basic details of the business and their rights and liabilities towards the business
A Legal Notice is a formal written communication between parties in which the person/party addressing the notice informs the recipient of his intent to bring legal action against the recipient. It assists in making the recipient party aware of the sender’s grievances. It is interpreted as a warning to the receiver to comply with a specified condition if he does not wish to pursue the matter in court.