IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO. 871 OF 2009 In the matter of the Companies Act, 1956 (1 of 1956); AND In the matter of Sections 100 to 103 read with Section 78 of the Companies Act, 1956; AND In the matter of Reduction of Capital (Securities Premium Account) of Tata Investment Corporation Limited Tata Investment Corporation Limited a Company incorporated under the Indian Companies Act, 1913 and having its Registered Office at Ewart House, 22, Homi Mody Street, Mumbai-400001. } } } } } } … Applicant Company Called for Summons for Direction Coram: S.J.Kathawalla, J Date: 28th August, 2009 Mr. Rajesh Shah i/b. Rajesh Shah & Co., for the Applicant MINUTES OF THE ORDER UPON THE APPLICATION OF the above named Applicant Company by a Summons for Direction AND UPON HEARING Mr 1 Rajesh Shah of M/s Rajesh Shah & Co., Advocates for the Applicant Company AND UPON READING the affidavit of Mr. M J Kotwal, Executive Director & Secretary, of the Applicant Company dated 18th day of August 2009, AND Applicant Company having passed Special Resolution at the Extraordinary General Meeting of the equity shareholders and holders of Zero Coupon Convertible Bond Holders held on 2nd December, 2008 AND in view of the averments made in Paragraph 13 of the affidavit in support of Summons for Direction that the proposed reduction in capital does not involve either the 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 dispensed with. Company Judge 2