1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.213 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.321 OF 2009 In the matter of the Companies Act, I of 1956 of Section 78, 80, and 100, 101 to 103 and 105 And In the matter of reduction of share capital of M/s Rainbow Building Materials Private Limited. Rainbow Building Materials ) Private Limited ) ….Petitioner Mr. B.B. Parekh with G.B. Shah for Petitioner CORAM : S.C. DHARMADHIKARI, J. DATE : 23rd APRIL, 2009 P.C. 1. Heard learned counsel for the Petitioner 2. The sanction of the Court has been sought for the reduction of share capital as approved in a Special Resolution passed by the Shareholders of the Petitioner Company at an extraordinary general meeting held on 16th October, 2008. 3. The reasons for reduction of share capital are stated in 2 paragraph 18 of the Petition. 4. An order of dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 20th March, 2009 in the Company Application No.321 of 2009. 5. Counsel appearing on behalf of the Petitioner states that they have complied with all statutory requirements as per directions of this Court and they have filed necessary affidavit of compliance in the Court. Moreover, Petitioner Company also undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made thereunder. 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 (a) and (c). 7. All concerned parties to act on a copy of this order along with the Form of Minutes annexed to this Petition, duly authenticated by the Company Registrar, High Court, Bombay. 8. Petitioner to publish notices in the same newspapers i.e. “Mahrasthra Times” 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, Mumbai, within 21 days from the date of Registration. 3 S.C. DHARMADHIKARI J.