1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.1026 OF 2009. CONNECTED WITH COMPANY APPLICATION NO.1302 OF 2009 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 DANDVATI INVESTMENTS & TRADING COMPANY PRIVATE LIMITED DANDVATI INVESTMENTS & TRADING COMPANY PRIVATE LIMITED a Company incorporated under the Companies Act, 1956, having its Registered Office at “The International”, 5th floor, 16, New Marine Lines Cross Road No.1, Churchgate, Mumbai 400020. ) ) ) )……… Petitioner Company. CORAM: S. J. Kathawalla, J. DATE :22nd January,2010 Mr.Rajesh Shah i/b Rajesh Shah & Co. for the Petitioner. 2 PC: 1. Heard learned counsel for the Petitioner. 2. The sanction of the Court has been sought for the Reduction of Share Capital of DANDVATI INVESTMENTS & TRADING COMPANY PRIVATE LIMITED, the Petitioner Company,under sections 100 to 105 of the Companies Act, 1956, as approved in the Special Resolutions passed by its Equity Shareholders at the Extraordinary General Meeting and the Class Meeting of the Preference Shareholders held on 19th day of November 2009. 3. The reasons for reduction of Share Capital are stated in paragraph 8 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 18th December, 2009 in the Company Application No.1302 of 2009. 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 3 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 clauses ( a ) and ( b ). 7. All concerned parties to act on ordinary copy of order and the form of minutes annexed as Exhibit-'G' to the Petition, duly authenticated by the Company Registrar , High Court, Bombay. 8. Petitioner to publish notices in the same newspapers i. e. “Free Press Journal” in English and “Maharashtra Times” in Marathi both having circulation in Mumbai and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Mumbai. (S. J. Kathawalla , J.)