1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.208 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.315 OF 2009 In the matter of the Companies Act, 1956; AND In the matter of Section 100 to 104 of the Companies Act, 1956; AND In the matter of Reduction of Share Capital of Madaus Pharmaceuticals Private Limited Madaus Pharmaceutical Private Limited ) a Company incorporated under the ) Companies ct, 1956, having its ) Registered Office at ‘A’ ) Shiv Sagar Estate, Dr. Anne Besant Road, ) Worli, Mumbai 400034, ) Maharashtra ) …Petitioner Mr. Amish Shroff i/b Rajani Associates for the Petitioner CORAM: S.C. Dharmadhikari, J DATE: 23rd April, 2009 P.C: 2 1. Heard learned counsel for the Parties. 2. The sanction of the Court is sought under Sections 100 to 104 of the Companies Act, 1956, for the reduction of Share Capital of Madaus Pharmaceuticals Private Limited, the Petitioner Company. 3. The reasons for the reduction are stated in paragraph 10 of the petition. The Equity Shareholders of the Petitioner Company at its general meeting held on 11th day of November, 2008 approved the reduction of Share Capital of Madaus Pharmaceuticals Private Limited of the Petitioner and subject to the confirmation by this Court. 4. An order of dispensation of procedure under section 101 (2) of the Companies Act, 1956 was passed by this Court on 13th day of March, 2008 in Company Application No.315 of 2009. 5. Counsel appearing for the petitioner has stated that all the requirements as per the directions of this court have been complied with and that they have filed necessary Affidavit of compliance in the Court. Moreover, the Petitioner Company also undertakes to comply with all statutory requirements, if any, as required under the Companies Act, 1956, and the Rules made thereunder. 6. None of the parties concerned have come forward to oppose the proposed reduction of share premium. Since, the requisite 3 statutory procedure has been fulfilled, the Company Petition No.208 of 2009 is made absolute in terms of prayer clauses (a) to (b). 7. Filing and Issuance of Drawn up Order is dispensed with. 8. All Authorities concerned 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, Bombay. 9. Petitioner to publish notices in the same newspapers i.e. Maharashtra Times in Marathi and Free Press Journal in English and also in the Maharashtra Government Gazette about the registration of the Order and the minutes of the reduction by the concerned Registrar of Companies, Mumbai. (S.C. Dharmadhikari, J.)