1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SCHEME PETITION NO.697 OF 2010 CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 727 OF 2010 In the matter of the reduction of the Securities Premium Account of CNCS FACILITY SOLUTIONS PRIVATE LIMITED CNCS FACILITY SOLUTIONS PRIVATE LIMITED Petitioner Company Ms. Pallavi Dedhia i/b Sanjay Udeshi & Co. Advocate for the Petitioner. Coram: S.C. Dharmadhikari,J Date: 28th January, 2011 PC: 1. Heard learned counsel for the parties. 2. The sanction of the Court has been sought for the reduction of Securities Premium Account as approved in a Special Resolution passed by the Shareholders of the Petitioner Company at an Extraordinary General Meeting held on 25th October, 2010 3. The reasons for reduction of Securities Premium Account are stated in paragraph 7 of the Petition. The Board of Director 2 approved the Resolution for reduction of Securities Premium Account in its Meeting held on 1st October, 2010. 4. An order for dispensation of the procedure under Section 101(2) of the Companies Act, 1956 was passed by this Court on 19th November, 2010 in Company Summons for Direction No. 727 of 2010 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 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. 3 9. All authorities concerned to act on a copy of this order alongwith Scheme duly authenticated by the Company Registrar, High Court, Bombay. S.C. Dharmadhikari, J.