Section 180: Statutory demand
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
180. Statutory demand
A statutory demand shall—
(a) be in respect of a debt that is due and is not less than 100,000
rupees or such other amount as may be prescribed;
(b) be in the prescribed form;
(c) be served on the company; and
(d) require the company to pay the debt, or enter into a compromise
under Part XVII or Part XVIII of the Companies Act, or otherwise
compound with the creditor, or give a charge over its property to
secure payment of the debt, to the reasonable satisfaction of the
creditor, within one month of the date of service, or such longer
period as the Court may order.