IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 756 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO.839 OF 2010 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 DAMOS TRADING COMPANY PRIVATE LIMITED DAMOS TRADING COMPANY PRIVATE LIMITED a company incorporated under the Companies Act, 1956 (No.1 of 1956) and having its registered office at Damos Trading Company Private Limited, GS-8, Subhada Co.op. Housing Society Limited, Sir Pochkhanwala Road, Worli, Mumbai-400 030 ) ) ) )……… Petitioner Company. CORAM: S. C. Dharmadhikari, J. DATE : 11h February, 2011 Mr.Rajesh Shah i/b Rajesh Shah & Co. for the Petitioner. PC: 1. Heard learned counsel for the Petitioner. 2. The sanction of the Court has been sought for the Reduction of Share Capital of DAMOS TRADING COMPANY PRIVATE LIMITED, the Petitioner Company, under Sections 100 to 105 of the Companies Act, 1956, as 1 approved in the Special Resolution passed by the Equity Shareholders of the Petitioner Company at the Extraordinary General Meeting held on 1st November, 2010. 3. The reason for reduction of Share Capital are stated in paragraph 9 of the Petition. The Board of Director approved the resolution for reduction of share capital in its meeting held on 15th October, 2010. 4. An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 23rd December, 2010 in the Company Summons for Direction No. 839 of 2010. 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 undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made thereunder. The 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 clauses ( a ) and ( b ). 7. Filing and issuance of drawn up Order is dispensed with. 8. All concerned authorities to act on a copy of this order along with the Form of Minutes annexed as Exhibit-'G' to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. 9. Petitioner to publish notices in the same newspapers i. e. “Free Press Journal” in English and “Maharashtra Times” in Marathi both having circulation in 2 Mumbai 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. C. Dharmadhikari, J.) 3