IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO. 696 OF 2008 CONNECTED WITH COMPANY APPLICATION NO. 1213 OF 2008 In the matter of the Companies Act, 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 YUGALSHREE TONICS AND FOODS PRIVATE LIMITED YUGALSHREE TONICS AND FOODS PRIVATE LIMITED . .........Petitioner Company. Mr.Rajesh Shah i/b Rajesh Shah & Co. for the Petitioner. CORAM: S. A. BOBDE, J. DATE : 5th SEPTEMBER,2008 PC: 1. Heard learned counsel for the party. 2. The sanction of the Court has been sought for the Reduction of Share Capital of YUGALSHREE TONICS AND FOODS PRIVATE LIMITED as approved in a Special Resolution passed by the Equity Shareholders, of the Petitioner Company at their extraordinary general meeting held on 23rd day of June 2008 . 3. The reasons for reduction of Equity Share Capital are stated in paragraph 2 of the further Affidavit in support 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 1st August, 2008 in the Company Application No.1213 of 2008. 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 of Equity 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 and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Mumbai. (S. A. BOBDE, J.)