1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 378 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 463 2010 In the matter of the Companies Act, 1956 (1 of 1956); AND In the matter of Sections 100 to 103 read with Section 78 of the Companies Act, 1956; AND In the matter of Reduction of Capital (Securities Premium Account) of Aftek Limited AFTEK LIMITED ……..Petitioner Company CORAM: S. J. Vazifdar, J. DATE: 13th August, 2010 Mr. Rajesh Shah i/b Rajesh Shah & Co. for the Petitioner. PC: 1. Heard learned counsel for the party. 2 2. The sanction of the Court has been sought for the Reduction of Capital (Securities Premium Account) of Aftek Limited, the Petitioner Company as approved in a Special Resolution passed by the Equity Shareholders of the Petitioner Company at an extraordinary general meeting held on 8th June, 2010. 3. The reasons for reduction are stated in Paragraph 5 of the Petition. 4. An order of dispensation of procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 25th June, 2010 in Company Summons for Direction No.378 of 2010. 5. Counsel appearing on behalf of the Petitioner states that they have complied with all the statutory requirements as per the directions of this Court and they have filed necessary affidavit of compliance in the Court. Moreover, Petitioner Company also undertakes to comply with Statutory requirements, if any, as 3 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. Since the requisite statutory procedure has been fulfilled, the Petition is made absolute in terms of prayer clauses (a) and (b). 7. All concerned parties to act on ordinary copy of order and the form of minutes annexed as Exhibit – ‘G’ to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. 8. Petitioner to publish notices in the same newspapers i.e., Maharashtra Times, Mumbai Edition in Marathi and Free Press Journal, Mumbai Edition in English and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Maharashtra, Mumbai. (S. J. Vazifdar, J.)