IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 59 OF 200 8 CONNECTED WITH COMPANY APPLICATION NO. 65 OF 200 8 IN THE MATTER OF THE COMPANIES ACT, 1956; AND IN THE MATTER OF SECTIONS 100 TO 104 OF THE COMPANIES ACT, 1956; AND IN THE MATTER OF REDUCTION OF SHARE CAPITAL; AND IN THE MATTER OF iMANDI ASIA LIMITED iMANDI ASIA LIMITED ....PETITIONER COMPANY Mr. Niranjan Vaghela i /b Pandya & Co . for the Petitioner. CORAM: A.M.KHANWILKAR, J. DATE : 22ND FEBRUARY, 2008 PC: 1. Heard Learned Counsel for the parties. 2. The sanction of the Court has been sought for the reduction of share capital as approved in a Special Resolution passed by the Shareholders of the Petitioner Company at an Extraordinary General Meeting held on 6th December, 2007. 3. An order of dispensation was passed by this Court in respect of the procedure under Section 101(2) of the Companies Act, 1956 on 25th January, 2008 in the Company Application No. 65 of 2008. -: 2 : - 4. The Counsel of the Petitioner Company informs the court that the Petitioner shall comply with the provisions of law as upheld by the Court of Law. 5. In these circumstances, the requisite statutory procedure has been fulfilled. Since no objection has been received, the Petition is made absolute in terms of prayer clause (a) and (b). 6.. All concerned parties to act on ordinary copy of order and the Form of Minutes annexed to this petition. Petitioner to publish notices in the same newspapers and also in the Maharashtra Government Gazette about registration of Order and Minutes of Reduction being Exhibit “F” to the petition, by the concerned Registrar of Companies, Mumbai. (A. M. Khanwilkar, J.)