IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 171 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 178 OF 2010 In the matter of Companies Act, 1956(“the Act”); And In the matter of Sections 100 to 104 of the Companies Act, 1956; And In the matter of reduction of the Equity Share Capital of the GIC Asset Management Company Limited; And In the matter of the GIC Asset Management Company Ltd; GIC Asset Management Company Ltd. ) ) … Petitioner Company Coram: S. J. Kathawalla J. Dated: 16th April, 2010 Mr. Ankit Virmani i/b M/s. Wadia Ghandy & Co., Advocates for the Petitioner Company P.C.: 1. Heard learned Counsel for the Petitioner Company. 2 2. The sanction of the Court has been sought under Sections 100 to 104 of the Companies Act, 1956 for the reduction of equity share capital of the Petitioner Company as approved in a special resolution passed by the shareholders of the Petitioner at an Extra Ordinary General Geeting held on 24th November, 2009. 3. The reason for reduction of share capital has been stated in paragraphs 10 and 19 of the petition. The Board of Directors of the Petitioner Company approved the reduction of equity share capital at its meeting held on 31st August, 2009. 4. An order for dispensation of the procedure under Section 101 (2) of the Companies Act, 1956 was passed by this court on 19th day of March, 2010 in Company Summons for Direction No. 178 of 2010. 5. Counsel appearing on behalf of the Petitioner Company states that the Petitioner Company has complied with all the statutory requirements as per the directions of this Hon’ble Court and has filed the necessary affidavit of compliance in the court. Moreover, the Petitioner undertakes to comply with the statutory requirements, if 3 any, as required under the Companies Act, 1956 and the rules made thereunder. The undertaking is accepted. 6. No person has come forward to oppose the proposed reduction of equity share capital of the Petitioner Company. Since the requisite statutory procedure has been fulfilled, the Petition is made absolute in terms of prayer clauses (a), (c), (d), (e) and (f). 7. All concerned parties to act on ordinary copy of the order and the form of minutes annexed to this Petition duly authenticated by the Company Registrar, High Court, Bombay. 8. Petitioner Company 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 minutes of reduction by concerned Registrar of Companies, Mumbai. 9. Certified Copy expedited. (S.J. KATHAWALLA, J.)