: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.958 OF 2008 CONNECTED WITH COMPANY APPLICATION NO.1531 OF 2008 In the matter of Companies Act, 1956 In the matter of Sections 100 to 104 of the Companies Act, 1956 ; And In the matter of reduction of the Preference Share Capital of the GIC Asset Management Co. Ltd. And In the matter of the GIC Asset Management Co. Ltd. GIC Asset Management Co. Ltd. ....Petitioner Company Mr.Kunal Vajani with Mr.Rohan Dakshini i/b Wadia Gandhy & Co. for the Petitioner - Company. CORAM : S.J. VAZIFDAR, J. DATED : 9TH JANUARY, 2009. P.C. : 1. This is a Petition for reduction of share capital as approved by a special resolution passed by the shareholders of the Petitioner Company at an Extra Ordinary General Meeting held on 10.6.2008. The preference share holders are to be paid the entire preference share capital of about Rs.18.00 crores. The Board of Directors of the Petitioner Company had passed the resolution for reduction of share capital at its meeting held on 31.3.2008. : 2 : 2. An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 21.11.2008 in Company Application No.1531 of 2008. 3. The entire procedure has been complied with. Needless to add that the Company will comply with all requisite requirements. 4. There is no opposition. There is nothing on record which disentitles the Petitioner to the reliefs claimed. 5. In the circumstances, the Petition is made absolute in terms of prayers (a) to (e). 6. The Petitioner to publish notices in the same newspapers i.e. Maharashtra Times in Marathi and Free Press Journal in English and also in the Maharashtra Government Gazette about the registration of the order and minutes of reduction by the concerned Registrar of Companies, Mumbai within twenty days from the date of registration. 7. All concerned parties to act on ordinary copy of the order and the form of minutes annexed to this : 3 : Petition duly authenticated by the Company Registrar, High Court, Bombay.