IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 124 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 145 OF 2010 In the matter of the Companies Act, 1956; And In the matter of Sections 100 to 104 of the Companies Act, 1956; And In the matter of Reduction of Share Capital of Preferred Builders And Promoters Realty Limited, Preferred Builders And Promoters Realty Limited, ) a Company Incorporated under the Indian ) Companies Act, 1956 and having its Registered ) Office At 501 & 502, Mantri Terrace, Thube Park ) Shivaji Nagar, Pune 411 005, )……. Petitioner Mr. Rahul A. Risbud, Advocate for the Petitioner. Coarm : S. J. Kathawalla J. Date : 26th March 2010 PC: 1) Heard learned counsel for the Petitioner. 1 2) The sanction of the Court has been sought for the reduction of Equity Share Capital as approved in a Special Resolution passed by the Equity Shareholders of the Petitioner Company at an Annual General Meeting held on 30th day of September 2009. 3) The reasons for reduction of share capital are stated in paragraph 6 of the Petition. The Board of Director approved the resolution for reduction of share capital in its Meeting held on 07th day of November 2009. 4) An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 26th day of February 2010 in Company Summons for Directions No. 145 of 2010. 5) Counsel appearing on behalf of the Petitioners states that they have complied with all statutory requirements as per directions of this Court and they have filed necessary affidavits of compliance in the Court. Moreover, Petitioner Company undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made thereunder. Undertaking is accepted. 6) None of the parties concerned have come forward to oppose the proposed reduction of share capital. Since, the requisite statutory procedure has been fulfilled; the Petition is made absolute in terms of prayer clause 20 (a) and (b). 7) All concerned parties to act on ordinary copy of order and the form of minutes being Exhibit “G” annexed to this Petition duly authenticated by the Company Registrar, High Court, Bombay. 8) Petitioner to publish notices in the same newspapers i.e. “Pudhari” in Marathi and “Free Press Journal” in English and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Pune, within 21 days from the date of Registration. (S. J. Kathawalla J.) 2