IN THE HIGH COURT OF JUDICATURE AT BOMBAY. ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 624 OF 2011 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 637 OF 2011 IN THE MATTER OF THE COMPANIES ACT, 1956 AND IN THE MATTER OF SECTIONS 100 & 101 OF THE COMPANIES ACT, 1956; AND IN THE MATTER OF REDUCTION OF SHARE CAPITAL OF SARVIN CAPITAL PRIVATE LIMITED SARVIN CAPITAL PRIVATE LTD ) a company duly incorporated under ) the Companies Act, 1956 and having ) its registered office at 713, Maker ) Chambers V ,Nariman Point , ) Mumbai 400 021 ). .. PETITIONER Mr. NIMISH G. PANDYA i/b PANDYA & CO for the Petitioner. CORAM: S. C. DHARMADHIKARI, J. DATE : 25th NOVEMBER, 2011 PC: 1. Heard learned counsel for the parties. 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 1st October. 2011 3. The reasons for reduction of share capital are stated in paragraph 6 of the Petition. The Board of Directors approved the resolution for reduction of share capital in its Meeting held on 9th September, 2011. 4. An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 21st October, 2011 in Company Summons for Direction No.637 of 2011. 5 The Petitioners have complied with all statutory requirements as per directions of this Court and they have filed necessary affidavits of compliance in the Court. Moreover, the 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 clause (a) and (b). 7. Petitioner to publish notices in the same newspapers i.e. Maharashtra Times in Marathi language and Free Press Journal in English language 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, within 21 days from the date of Registration. 8. Filing and issuance of the drawn up order is dispensed with. 9. All authorities concerned to act on a copy of this order alongwith Form of Minutes annexed to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. (S. C. Dharmadhikari..J)