IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO. 89 OF 2011 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 73 OF 2011 In the matter of Companies Act, 1956; AND In the matter of Section 78, 100 and 101 of Companies Act, 1956; AND In the matter of SHEMAROO ENTERTAINMENT PRIVATE LIMITED, a Company registered under the Companies Act, 1956 and having its Registered Office at Shemaroo House, Plot No. 18, Marol Co-Op. Industrial Estate, Off Andheri Kurla Road, Andheri (East), Mumbai - 400 059. AND In the matter of reduction of Capital reserve; SHEMAROO ENTERTAINMENT PRIVATE LIMITED .. Petitioner Mr. Sanjay Udeshi i/b Sanjay Udeshi & Co. Advocate for the Petitioner. 1 Coram: S.J.Vazifdar J Date: 25TH March, 2011 PC: 1. Heard learned counsel for the parties. 2. The sanction of the Court has been sought for the reduction of Capital Reserve as approved in a Special Resolution passed by the Shareholders of the Petitioner Company at an Extraordinary General Meeting held on 20th December, 2010. 3. The reasons for reduction of Capital Reserve are stated in paragraph 7 of the Petition. The Board of Director of the Petitioner Company approved the Resolution for reduction of Capital Reserve in its Meeting held on 20th November, 2010. 4. An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 4th February, 2011 in Company Summons for Direction No. 73 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 2 procedure has been fulfilled, the Petition is made absolute in terms of prayer clause (a) to (h). 7. 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 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 Scheme duly authenticated by the Company Registrar, High Court, Bombay. (S.J.Vazifdar J.) 3