Section 424E(2) in The Companies (Second Amendment) Act, 2002
(2)Every scheme referred to in sub- section (1) shall be circulated to every person required by the scheme to provide financial assistance for his consent within a period of sixty days from the date of such circulation or within such further period, not xceeding sixty days, as may be allowed by the Tribunal, and if no consent is received within such period or further period, it shall be deemed that consent has been given.
