IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.207 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.310 OF 2009 In the matter of Sections 100 to 104 of the Companies Act, 1956; And In the matter of AMBAR IMPEX PRIVATE LIMITED; And In the matter of reduction of the share capital of AMBAR IMPEX PRIVATE LIMITED. AMBAR IMPEX PRIVATE LIMITED ) a Company incorporated under the ) Companies Act, 1956, having its Registered ) Office 7th floor, Manek Mahal, 90, Veer ) Nariman Road, Churchgate, ) Mumbai 400 020 ) … Petitioner Mr. Mihir B. Kamdar i/b. Udwadia & Udeshi for Petitioner CORAM : - A. M. Khanwilkar J, Dated :- 8th May, 2009 PC 1. Heard Learned Counsel for the Petitioner. 2. The Sanction of the Court has been sought for reduction of the Preference Share Capital of the Petitioner as approved by the Special Resolution passed at the meeting of the Shareholders of the Petitioner on 20th November, 2007 3. The reasons for reduction of share capital are stated in paragraph 8 of the Petition. 4. An Order of dispensation was passed by this Court in respect of the procedure under Section 101(2) of the Companies Act, 1956 on 13th March, 2009 in Company Application No. 310 of 2009. 5. The delay in filing the Affidavit of Publication is condoned. 6. Counsel appearing on behalf of the Petitioner states that Petitioners have complied with statutory requirements as per directions of this Court and they have filed necessary affidavit of publication in the Court. Moreover, the Petitioner Company also undertakes to comply with the statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made thereunder. 7. None of the parties concerned have come forward to oppose the Petition. Since the requisite statutory procedure has been fulfilled, the Petition is made absolute in terms of prayer clause (a). 8. All concerned parties to act on ordinary copy of the order along with the form of minutes annexed to this Petition, duly authenticated by the Company Registrar, High Court, Bombay. 9. The Petitioner to publish notice in the same New Papers i.e. Free Press Journal (English) and Maharashtra Times (Marathi) circulated in Mumbai and in the Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Mumbai. A. M. Khanwilkar J.