IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 523 OF 2010 In the matter of the Companies Act, 1956 (1 of 1956) AND In the matter of Sections 100 to 104 of the Companies Act, 1956; AND In the matter of the Reduction of Equity Share Capital of Erudite Capital Creations Limited having its Registered Office at 910, Raheja Centre, Nariman Point, Mumbai – 400 021 Erudite Capital Creations Limited incorporated under the Companies Act, 1956 and having its Registered Office at 910, Raheja Centre, Nariman Point, Mumbai – 400 021 ……… Applicant Company Called Summons for Direction Coram: S. J. Vazifdar, J. Date: - 30th July, 2010 Ms. Sunita Pant, i/b Thakore Jariwala & Associates, Advocates for Petitioner UPON THE APPLICATION of above named Applicant Company by Summons for Direction And UPON HEARING Ms. Sunita Pant instructed by M/s. Thakore Jariwala & Associates, Advocate(s) for the 2 Applicant Company and UPON READING the Affidavit dated 17th July, 2010 of Mr. P. Chandrasekar Director of the Applicant Company in support of Summons for Direction AND the Applicant Company having passed a Special Resolution at an Annual General Meeting of the Equity Shareholders of the Applicant Company held on 30th June, 2010 and in view of the averments made in paragraphs 15 to 17 and 27 of the said Affidavit, inter alia that the reduction of Share Capital does not involve diminution of any liability in respect of unpaid Share Capital of Applicant Company, the provisions of and the procedure prescribed under Section 101(2) of the Companies Act,1956 is dispensed with. (S. J. Vazifdar, J)