IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 665 OF 2010 In the matter of Sections 78, 80, 100, 101 to 103 and 105 of the Companies Act, I of 1956. AND In the matter of reduction of share capital of M/s. Ashoni Financial Services Private Limited Ashoni Financial Services Private Limited, ) a Company incorporated under ) the provisions of the Companies ) Act, I of 1956 having its registered office ) at 3\4, Temple Bell’s 37, K.M. ) Munshi Marg, Mumbai – 400 007. ) …... Applicant Called for Summons for Direction CORAM : S. J. Kathawalla, J. DATE :15th October, 2010 Mr. B. B. Parekh with Ms. G. B. Shah Advocates for Applicant MINUTES OF THE ORDER UPON THE APPLICATION of the abovenamed Applicant Company by a Summons for Direction AND UPON HEARING Mr. B. B. Parekh, Advocate for the Applicant Company AND UPON READING the Affidavit 2. dated 14th September, 2010 of Mr. Alok Gandhi, Director of the Applicant Company in support of Summons for Direction AND the Applicant Company having passed a Special Resolution at the Extra Ordinary General Meeting of the Equity Shareholders held on 21st July, 2010 and in view of the averments made in paragraphs 11 of the said Affidavit that the reduction of Share Capital does not involve diminution of any liability in respect of unpaid share capital, the provisions of and the procedure prescribed under section 101(2) of the Companies Act, 1956 is dispensed with. (S. J. Kathawalla, J.)