IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 309 OF 2011 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 357 OF 2011 In the matter of Companies Act, 1956 (1 of 1956); And In the matter of Sections 100 to 105 of the Companies Act, 1956; And In the matter of the Reduction of Share Capital of SCC Petroleum Private Limited. SCC Petroleum Private Limited a company incorporated under the Companies Act, 1956 (No. 1 of 1956) and having its registered office at 1001, Neelam, Mount Mary Road, Bandra (West), Mumbai – 400050. } } } } } ….. Petitioner Company CORAM: S. J. Kathawalla, J. DATE : 29th July,2011 Mr. Rajesh Shah i/b Rajesh Shah & Co., Advocate for the Petitioner. PC: 1. Heard counsel for the Petitioner. 2. The sanction of the Court has been sought for the Reduction of Share Capital of SCC Petroleum Private Limited, the Petitioner Company, under Sections 100 to 105 of the Companies Act, 1956, as approved in the Special Resolutions passed by its Equity Shareholders at the Extraordinary General Meeting held on 25th April, 2011. 3. The reasons for reduction of Share Capital are stated in paragraph 10 of the Petition. 1 4. An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 24th June, 2011 in Company Summons for Direction No.357 of 2011. 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 undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made thereunder. The Undertaking is accepted. 6. None of the authorities concerned have come forward to oppose the proposed reduction of Share Capital. Since the requisite statutory procedure has been fulfilled, Petition is made absolute in terms of prayer clauses ( a ) and ( b ). 7. All concerned parties to act on a copy of this order and the Form of Minutes annexed as Exhibit-'F' to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. 8. Filing and issuance of the drawn up order is dispensed with. 9. Petitioner to publish notices in the two local 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 the Order and minutes of reduction with the concerned Registrar of Companies, within 21 days from the date of registration. (S. J. Kathawalla, J.) 2