1 IN THE HIGH COURT OF JUDICATURE, AT BOMBAY ORDINARY ORIGINAL JURISDICTION COMPANY SCHEME PETITION NO.559 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIECTION NO.606 of 2010 In the matter of Companies Act, 1956 (1 of 1956) AND In the matter of Sections 100 to 103 Companies Act, 1956 AND In the matter of Reduction of the Paid up Share Capital of FUNDERMAX INDIA PRIVATE LIMITED (“the Petitioner Company”) FUNDERMAX INDIA PRIVATE LIMITED, Regd. Office: C-7 Devendra Apartment (Back Side), Sahyog Mandir Road, Ghantali, Thane (W) 400602 ...Petitioner Company Coram: S.J. Kathawalla J. Dated: 15th October, 2010. Ms. Revati Mankar Advocate for the Petitioner Company P.C : 1. Heard learned counsel for the Petitioner Company. 2. The sanction of the Court has been sought for the Petition for the Reduction of the Paid up Share Capital, as approved in the Special Resolution passed by the Shareholders of the Petitioner Company at an Extra Ordinary General Meeting held on 31st March, 2010. 3. The reasons for the reduction of the paid up share capital are stated in paragraph 11 of the Petition. The Board of Director of the Petitioner Company approved the Reduction of the Paid up Share Capital in its meeting held on 26th Feb, 2010. 2 4. An order for dispensation of the procedure under Section 101 (2) of the Companies Act, 1956 was passed by this Hon’ble Court on 9th September 2010 in the Company Summons for Direction No. 606 of 2010. 5. Counsel appearing on behalf of the Petitioner Company states that the Petitioner has complied with all the statutory requirements as per the directions of this Court and that the Petitioner has filed necessary affidavits of compliance in the court. Moreover, the Petitioner Company undertakes to comply with the statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made there under. The undertaking is accepted. 6. None of the parties concerned have come forward to oppose the proposed Reduction of the Paid up Share Capital. Since, the requisite statutory procedure has been fulfilled; the Petition is made absolute in terms of the prayer clause (a) and (b). 7. All concerned parties to act on ordinary copy of the Order and the Form of Minutes annexed to the Petition duly authenticated by the Company Registrar, High Court, Bombay. 8. Petitioner to publish notices in the ‘Free Press Journal’ in English and “Maharashtra Times” in Marathi (both Mumbai editions) and also in the Maharashtra Government Gazette about registration of Order and Minutes of Reduction by the concerned Registrar of Companies, Mumbai, within 21 days from the date of registration. (S.J. Kathawalla J.)