IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITON NO.846 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.1065 OF 2009 In the matter of Sec 78, 80 and 100, 101 and 103 and 105 of the Companies Act, I of 1956 AND In the matter of Reduction of Share Capital of M/s. Infotrek Syscom Limited Infotrek Syscom Limited ) a Company incorporated under ) the Companies Act, I of 1956 ) having its registered office at ) 205, Centre Point, ) Next to Hotel Kohinoor, ) Andheri-Kurla Road, Andheri (E) ) Mumbai – 400059 ) ……….. Petitioner Mr. B. B. Parekh with Ms. G. B.Shah for Petitioner CORAM: Dr. D. Y.Chandrachud, J. DATE: 6th November, 2009 PC. 1. Heard learned counsel for the Petitioner. - 2 - 2. The sanction of the Court has been sought for the reduction of share capital as approved by a Special Resolution passed by the Shareholders of the Petitioner Company at an Extra Ordinary General Meeting held on 15th July, 2009. 3. The reason for reduction of share capital is stated in paragraphs 7 to 10 of the Petition. 4. An order for dispensation of the procedure under section 101(2) of the Companies Act, 1956 was passed by this Court on 9th October, 2009 in Company Application No.1065 of 2009. 5. Counsel appearing on behalf of the Petitioner states that they have complied with all statutory requirements as per directions of this Court and they have filed necessary Affidavit of compliance in the Court. Moreover, Petitioner Company also undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made there under. 6. None of the parties concerned have come forward to oppose the proposed reduction of share capital. Since, the requisite statutory procedure has been fulfilled; the Petition is made absolute in terms of prayer clause (a) and (c). 7. All concerned parties to act on a copy of this order along with the Form of Minutes annexed to this Petition, duly authenticated by the Company Registrar, High Court, and Bombay. - 3 - 8. Petitioner to publish notices in the same newspapers i.e. ‘Free Press Journal’ in English and ‘Maharashtra Times’ in Marathi and also in the ‘Maharashtra Government Gazette’ about registration of order and Minutes Of Reduction by the concerned Registrar of Companies, Mumbai, within 21 days from the date of registration. (Dr. D. Y. Chandrachud, J.)