IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 286 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRETION NO. 302 OF 2010 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 of Indiacom Limited Indiacom Limited, a Company Incorporated under ) the provisions of the Companies Act, 1956 having ) its registered office at Hermes Heritage, ) Commercial (Phase 1), Shastrinagar, Nagar Road, ) Pune 411006, Maharashtra )……Petitioner Coarm : S. J. Vazifdar J. Date : 18th June 2010 Mr. Rahul A. Risbud, Advocate for the Petitioner. PC: 1) Heard learned counsel for the Petitioner. 2) The sanction of the Court has been sought for the reduction of Equity Share Capital as approved in a Special Resolution passed by the Equity Shareholders of the Petitioner Company at an Annual General Meeting held on 30th day of March 2010. 1 3) The reasons for reduction of share capital are stated in paragraph 8 of the Petition. The Board of Director approved the resolution for reduction of share capital in its Meeting held on 25th day of February 2010. 4) An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 30th day of April 2010 in Company Summons for Directions No. 302 of 2010. 5) Counsel appearing on behalf of the Petitioners states that they have complied with all statutory requirements as per directions of this Court and they have filed necessary affidavits of compliance in the Court. Moreover, Petitioner Company undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made there under. Undertaking is accepted. 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 25 (a) to (d). 7) All concerned parties to act on ordinary copy of order and the form of minutes being Exhibit “K” annexed to this Petition duly authenticated by the Company Registrar, High Court, Bombay. 8) Petitioner to publish notices in the same newspapers i.e. “Indian Express” in English and “Pudhari” in Marathi both having circulation in Pune and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Pune, within 21 days from the date of Registration. (S. J. Vazifdar J.) 2