1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO 920 OF 2007 CONNECTED WITH COMPANY APPLICATION NO. 1226 OF 2007 In the matter of the reduction of the Share Capital of Sidham Finance & Investments Pvt. Ltd. SIDHAM FINANCE & INVESTMENTS PVT. LTD Petitioner Company. Mr. Rajesh Shah i/b Rajesh Shah & Co. for the petitioner. CORAM: A.M.KHANWILKAR, J. DATE : 11th January, 2008 PC: 1. Heard learned counsel for the parties. 2. The sanction of the Court has been sought for the of 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 8th November 2007, in terms of the following Minutes :- "the issued and paid-up share capital of the Petitioner Company being Rs. 60,200,200/- which is in excess of the wants of the Company be and it is hereby reduced to Rs. 200/- in such manner that the paid-up share 2 capital consisting of 6,020,000 equity shares of Rs.10/- each of the Company held by an equity shareholder of the Company be and it is hereby reduced by paying off/ returning to the holder of the said 6,020,000 equity shares, a sum of Rs. 10/- per share being the face value of Rs.10/- and thereby extinguishing all such shares”. 3. An order of dispensation was passed by this Court in respect of the procedure under Section 101(2) of the Companies Act, 1956 on 23rd November 2007 in the Company Application No.1226 of 2007. 4. The counsel of the Petitioner company informs the court that the petitioner shall comply with the provisions of law as upheld by the court’s of law. 5. In these circumstances, the requisite statutory procedure has been fulfilled. Since no objection has been received, the Petition is made absolute in terms of prayer clause (a) and (b). 6. All concerned parties to act on ordinary copy of order and the form of minutes annexed to this petition. Petitioner to publish notices in the same newspapers and also in the Maharashtra Government Gazette about registration of Order and minutes of reduction by the concerned Registrar of Companies, Mumbai. (A. M. Khanwilkar, J.)