1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 218 OF 2010 In the matter of the Companies Act, 1956 (1 of 1956); AND In the matter of Sections 391 to 394 of the Companies Act, 1956; AND In the matter of Scheme of Amalgamation of Varnish Trading Private Limited (“First Amalgamating Company” or “VTPL”) AND Erudite Trading Private Limited ( “Second Amalgamating Company” or “ETPL”) AND Chaste Investrade Private Limited, (“Third Amalgamating Company” or “CIPL”) WITH Future Corporate Resources Limited (“Amalgamated Company” or “FCRL”) and their respective Shareholders Chaste Investrade Private Limited, a Company } Incorporated under the provisions of Companies } Act, 1956 having its Registered office at Knowledge } House, Shyam Nagar, Off Jogeshwari-Vikhroli Link } Road, Jogeshwari (East), Mumbai 400060, Maharashtra }…Applicant Called Summons for Directions Coram: S. J. Kathawalla J. Date: 9th day of April, 2010 Mr. Hemant Sethi i/b Hemant Sethi & Co., for Applicant MINUTES OF THE ORDER UPON the application of the Applicant Company above named by a Company Summons for Directions AND UPON HEARING Mr. Hemant Sethi instructed by Hemant Sethi & Co., Advocates for the Applicant Company, 2 AND UPON READING the Affidavit dated 29th day of March, 2010 of Mr. Jitendra Gandhi, Authorised Signatory of the Applicant Company, in support of Summons for Directions, IT IS ORDERED: 1) That convening and holding the meeting of the Equity Shareholders of Chaste Investrade Private Limited, the Applicant Company, to consider and, if thought fit, approve, with or without modifications, the proposed Scheme of Amalgamation of Varnish Trading Private Limited, the First Amalgamating Company and Erudite Trading Private Limited, the Second Amalgamating Company and Chaste Investrade Private Limited, the Applicant/ Third Amalgamating Company with Future Corporate Resources Limited, the Amalgamated Company and their respective Shareholders is dispensed with in view of consents given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibits C1 to C3 to the affidavit in support of Company Summons for Directions. 2) That convening and holding of the meeting of the Unsecured Creditors of Chaste Investrade Private Limited, the Applicant Company, to consider and, if thought fit, approve, with or without modifications, the proposed Scheme of Amalgamation of Varnish Trading Private Limited, the First Amalgamating Company and Erudite Trading Private Limited, the Second Amalgamating Company and Chaste Investrade Private Limited, the Applicant/ Third Amalgamating Company with Future Corporate Resources Limited, the Amalgamated Company and their respective Shareholders is dispensed with in view of the averments made in paragraph thirty six of the affidavit in support of Company Summons for Directions. The Applicant undertakes to serve individual notice of the hearing of the 3 petition individually by R.P.A.D., to all its Unsecured Creditors and also publish notices in Free Press Journal, in English and Maharashtra Times, in Marathi both circulated at Mumbai. The undertaking is accepted. 3) There are no Secured Creditors in the Applicant Company as mentioned in paragraph thirty five of the affidavit in support of the Company Summons for Directions, hence, the question of convening and holding of the meeting of Secured Creditors does not arise. (S.J. KATHAWALLA J)