IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO.449 OF 2010 CONNCETED WITH COMPANY SUMMONS FOR DIRECTION NO.523 OF 2010 In the matter of the Companies Act, 1956 (1 of 1956) AND In the matter of Sections 100 to 104 of the Companies Act, 1956; AND In the matter of the Reduction of Equity Share Capital of Erudite Capital Creations Limited having its Registered Office at 910, Raheja Centre, Nariman Point, Mumbai – 400 021 Erudite Capital Creations Limited … Petitioner Company CORAM: S. J. Kathawalla, J. DATE: 27th August, 2010 Ms. Sunita Pant i/b M/s. Thakore Jariwala & Associates, Advocate(s) for the Petitioner Company. PC: 1. Heard learned counsel for the Petitioner Company. 2. The sanction of the Court has been sought for the Reduction of Equity Share Capital of Erudite Capital Creations Limited, the Petitioner Company as approved in the Special Resolution passed 2 by its Equity Shareholders at their Annual General Meeting held on 30th June, 2010. 3. The reasons for reduction of Share Capital are stated in paragraph 8 of the Petition. 4. An order of dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 30th July, 2010 in the Company Summons for Direction No.523 of 2010. 5. Counsel appearing on behalf of the Petitioner states that they have complied with all the statutory requirements as per the directions of this Court and they have filed necessary affidavit of compliance in the Court. Moreover, Petitioner Company through its Counsel also undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made there under. 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 procedure has been fulfilled, the Petition is made absolute in terms of prayer clauses (a) to (c). 7. All concerned parties to act on ordinary copy of order and the Form of Minutes annexed as Exhibit-“G” to the Petition, duly authenticated by the Company Registrar, High Court, Bombay. 8. Petitioner to publish notices in the same newspapers i.e. “Free Press Journal” in English and “Maharashtra Times” in Marathi 3 both having circulation in Mumbai and also in the Maharashtra Government Gazette about registration of order and minutes of reduction by the concerned Registrar of Companies, Mumbai. (S. J. Kathawalla, J.)