1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.103 OF 2008 WITH COMPANY APPLICATION NO.120 OF 2008 M/s.Camelot Investments Company Pvt.Ltd. .. Petitioner Mr.A.L.Gore for petitioner Mr.S.Ramakantha, Dy.O.L. present Mr.C.J.Joy i/b. S.K.Mohapatra for R.D. CORAM : S.C.DHARMADHIKARI, J. DATE : 2nd May 2008 P.C. . Heard learned Counsel for the petitioner 2. This is a petition for obtaining sanction of the Court for reduction of the share capital of the petitioner company as approved by a special resolution passed in the Extra ordinary General Meeting of the Equity Shareholders of the 2 petitioner company held on 26th October 2006. 3. The reasons for reduction in share capital account is stated in paras 16 and 17 of the petition. 4. An order of dispensation was passed by this Court in respect of the procedure under section 101(2) of the Companies Act, 1956 on 1st February 2008 in the Company Application No.120 of 2008. 5. Learned Counsel appearing on behalf of the petitioner states that they have complied with all statutory requirements as per the direction of the Court and they have filed necessary affidavits of compliance in the Court. Moreover, the petitioner company also undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the rules made thereunder. 3 6. None of the parties concerned have come forward to oppose the proposed reduction. Since the requisite statutory procedure has been fulfilled, the petition is made absolute in terms of prayer clauses (a) to (c). 7. All concerned parties to act on ordinary copy of this order and the form of minutes annexed to this petition. Petitioner to publish notices in the same newspapers i.e. Maharashtra Times in Marathi and Free Press Journal in English and Government Gazette and minutes of the reduction by the concerned Registrar of Companies, Mumbai. 8. Cost of R.D. quantified at Rs.5000/- to be paid within four weeks from today. 4 (S.C.Dharmadhikari, J)