IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.815 OF 2009 In the matter of the Companies Act, 1956 (I of 1956); AND In the matter of Sections 100 to 103 of the Companies Act, 1956; AND In the matter of Reduction of Share Capital of RELIGARE ASSET MANAGEMENT COMPANY LIMITED RELIGARE ASSET MANAGEMENT COMPANY LIMITED, a Company incorporated under the Companies Act, 1956, having its Registered Office at 3rd Floor, GYS Infinity, Paranjpe ‘B’ Scheme, Subhash Road, Vile Parle (East), Mumbai - 400 057 } } } } } } } ………… Applicant Company. Called for Summons for Direction Coram: S. J. Kathawalla J. Date: 7th August, 2009 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., for the Applicant 1 MINUTES OF THE ORDER UPON THE APPLICATION of the above named Applicant Company by a Summons for Direction AND UPON HEARING Mr. Rajesh Shah of M/s. Rajesh Shah & Co., Advocates for the Applicant Company AND UPON READING the affidavit dated 28th day of July, 2009 and further affidavit dated 5th day of August, 2009 of Mr. Suresh Jakhotiya, Head - Compliance & Risk of the Applicant Company AND Applicant Company having passed Special Resolutions at the General Meeting of the 9% Redeemable, Convertible, Cumulative, Participating Preference Shareholder held on 17th day of July, 2009 AND at the Extra Ordinary General Meeting of the Equity Shareholders held on 17th day of July, 2009 AND in view of the averments made in paragraph 23 of the affidavit in support of Summons for Direction that the reduction of share capital does not involve either diminution of any liability in respect of unpaid share capital or payment to any shareholder of any paid up share capital of the Applicant Company, the provisions of and the procedure prescribed under Section 101(2) of the Companies Act, 1956 is not applicable and the same is hereby dispensed with. COMPANY JUDGE 2