The National Company Law Tribunal (NCLT) has confirmed the reduction of share capital of MGF Ltd. Explain when the reduction of share capital will take place as per the Companies Act, 2013

As per section 66(5) of the Companies Act, 2013, MGF Ltd. shall deliver a certified copy of the order of the Tribunal and of a Minute approved by the Tribunal showing the amount of share capital; the number of shares into which it is to be divided; the amount of each share; and the amount, if any, at the date of registration deemed to be paid-up on each share, to the Registrar of Companies (RoC) within thirty days of the receipt of the copy of the order, who shall register the same and issue a certificate to that effect. The reduction of share capital takes effect only on registration of the order and Minutes and not before. The RoC will then issue a certificate of registration which will be conclusive evidence that the requirements of the Companies Act, 2013 have been complied with and that the share capital is now as set out in the Minutes. The Memorandum has to be altered accordingly.