1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.779 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.954 OF 2009 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 CCC (ARCADIA) SUBSEA LIMITED. CCC (ARCADIA) SUBSEA LIMITED, a Company incorporated under the Companies Act, 1956, having its Registered Office at 210, Tulsiani Chambers, 212, Nariman Point, Mumbai -400 021. ) ) ) ) ) ) … Petitioner Company. CORAM: S. J. Kathawalla, J. DATE : 16th October, 2009 Mr. Rajesh Shah i/b Rajesh Shah & Co. for the Petitioner. 2 PC: 1. Heard learned counsel for the Petitioner. 2. The sanction of the Court has been sought for the Reduction of Share Capital of CCC (ARCADIA) SUBSEA LIMITED, the Petitioner Company as approved in the Special Resolutions passed by its Equity Shareholders at the Second Annual General Meeting held on 18th Day of August, 2009 3. The reasons for reduction of Share Capital are stated in paragraph 7 of the Petition. 4. An order of dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 18th September, 2009 in the Company Application No.954 of 2009. 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 required under the Companies Act, 1956 and the Rules made thereunder. 6. None of the parties concerned have come forward to 3 oppose the proposed reduction of Share Capital. 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-'E' to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. 8. Petitioner to publish notices in the same newspapers i.e. “Free Press Journal” in English and “Maharashtra Times” in Marathi both having circulation in Mumbai and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Mumbai. (S. J. Kathawalla, J.)