IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDIARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 1319 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 (by Utilization Securities Premium Account) of Next Gen Publishing Limited. M/s. Next Gen Publishing Limited ) A Company incorporated under ) The Companies Act, 1956 and having ) Its registered Office at Khatau House, ) 2nd floor, Mogul Lane, Mahim (West), ) Mumbai 400 016. )………………..Petitioner. Coram: Dr. D. Y. Chandrachud, J Date: 18th December, 2009. MINUTES OF ORDER UPON THE APPLICATION of the abovenamed Applicant Company by a Summons for Direction AND UPON HEARING Mr. Shyam Mehta instructed by Maneksha & Sethna, Advocates for the Applicant Company AND UPON READING the Affidavit dated 24th November, 2009 of J.T. Shah, Company Secretary of the Applicant Company in support of Summons for Direction AND the Applicant Company having passed a Special Resolution at the Extra Ordinary General Meeting of the Equity Shareholders of the Applicant Company held on 23rd October 2009 and in view of the averments made in paragraphs 22 to 24 of the Affidavit dated 24th November 2009 of J.T. Shah, Company Secretary that the reduction of share capital does not involve either diminution of any liability in respect of unpaid share capital or payment to any shareholder of any paid up share capital of the Applicant Company, the provisions of and the procedure prescribed under Section 101(2) of the Companies Act, 1956 is not applicable and the same is dispensed with. (DR.. D. Y. CHANDRACHUD, J) 2