1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.573 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.704 OF 2009 In the matter of the Companies Act, 1956; AND In the matter of Sections 78 and 100 to 104 of the Companies Act, 1956; AND In the matter of Reduction of Share Capital of EXPO GAS CONTAINERS LIMITED . EXPO GAS CONTAINERS LIMITED .........Petitioner Company. CORAM: S. J. Kathawalla, J. DATE :31st July, 2009 Mr.Rajesh Shah i/b Rajesh Shah & Co. for the Petitioner. PC: 1. Heard learned counsel for the party. 2. The sanction of the Court has been sought for the Reduction of Share Capital of EXPO GAS CONTAINERS LIMITED, 2 the Petitioner Company as approved in a Special Resolution passed by its Equity Shareholders, at their Extraordinary General Meeting held on 11th day of June, 2009. 3. The reasons for reduction of Equity Share Capital are stated in paragraph 6 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 2nd July, 2009 in the Company Application No.704 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 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-'E' to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. 3 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.)