IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1680 OF 2008 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 INDIA VALUE FUND ADVISORS PRIVATE LIMITED India Value Fund Advisors Private Limited a company incorporated under the Companies Act, 1956 (No.1 of 1956) and having its registered office at India Value Fund Advisors Private Limited Suite F9C, Grand Hyatt Plaza,Santacruz (East)Mumbai - 400 055 .... Applicant Company Coram : A. M. Khanwilkar, J Date: 19 th December, 2008 MINUTES OF THE ORDER UPON THE APPLICATION of the above named Applicant Company by a summons for direction dated 11th day of December, 2008 AND UPON HEARING Mr. Rajesh Shah of M/s. Rajesh Shah & Co., Advocates for the Applicant Company AND UPON READING the Affidavit dated 11th 1 day of December, 2008 of Mr. Manoj Advani, Authorized Signatory of the Applicant Company AND Applicant Company having passed a Special Resolution at the Extra Ordinary General Meeting of its Equity Shareholders held on 29 th day of November, 2008 and affidavit dated 11 th day of December, 2008 AND in view of the averment made in paragraph 17 and 18 of the said affidavit that there are no secured creditors and in view of the consent given by all the unsecured creditors of the Applicant Company, it is ordered that the provisions of and the procedure prescribed under Section 101(2) of the Companies Act, 1956 are not applicable and the same is hereby dispensed with. COMPANY JUDGE 2