1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 30 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO.52 OF 2010 IN THE MATTER OF COMPANIES ACT, 1956 AND IN THE MATTER OF SECTIONS 100 TO 105 OF THE COMPANIES ACT, 1956; AND IN THE MATTER OF REDUCTION OF SHARE CAPITAL OF FORBES INFOTAINMENT LIMITED Forbes Infotainment Limited. ) a company incorporated under ) the Companies Act, 1956 and having ) its registered office Shapoorji Pallonji Center, ) 41/44, Minoo Desai Marg, Colaba ) Mumbai 400 005 ) …Petitioner Mr. Venkatesh Dhond i/b Desai & Diwanji, Advocates for the Petitioner Coram: S.J.Kathawalla, J Date : 26th February, 2010 2 PC: 1. Heard Learned Counsel for the Petitioner. 2. The sanction of the court has been sought for the reduction of the share capital of the Petitioner as approved by a special resolution passed by the shareholders of the Petitioner Company in the Extra-ordinary General meeting held on 6th January 2010. 3. The reasons for the reduction of the share capital are stated in paragraph 10 of the Petition. The Board of Directors approved the resolution for the reduction of share capital in its meeting held on 6th January 2010. 4. An order for dispensation of the procedure under section 101 (2) of the Companies Act, 1956 was passed by this court on 22nd January 2010 in the Company Summons for Direction No. 52of 2010. 5. The Counsel appearing on behalf of the Petitioners states that they have complied with all statutory requirements as per the direction of this court and they have filed necessary affidavit of compliance in the court. Moreover, the Petitioner Company undertakes to comply with the 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 reduction of capital. Since the requisite statutory procedure has been fulfilled; the Petition is made absolute in terms of prayer clause (a) & (b). 3 7. All concerned parties to act on ordinary copy of the Order and form of minutes annexed to the Petition duly authenticated by the Company Registrar, High Court, Bombay. 8. The Petitioner to publish notices in the same newspapers i.e. “Maharashtra Times” (Marathi edition) and “Free Press Journal” (English edition) and also in the Maharashtra Government gazette about registration of the Order and minutes of reduction by the concerned Registrar of Companies within 21 days from the date of registration. (S.J.Kathawalla, J)