9911796707
TMI Blog2012 (3) TMI 41X X X X Extracts X X X X X X X X Extracts X X X X ..... 26,41,093/-equity shares of Rs. 10/- each to Rs. 9,14,10,930/-. equity shares of Rs. 10/- each. - Co. Petition No. 58 of 2011 - - - Dated:- 6-1-2012 - B.V. Pinto, J. Harish Kumar and M. Muniraju for the Petitioner. ORDER 1. This petition is filed under Section 101 (3) to 104 of the Companies Act, 1956 seeking to reduce the share capital of the Company. It is stated that the Company w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vert, commercialize, formulate, compound, develop, derive, discover, grade, manipulate, prepare, promote, pack, repack, extract, mix, supply, import, export, buy, sell, wholesale or retail, turn to account and to act as agent broker, concessionaire, c f agent, stockist, distributor, collaborator, transporter, consultant, job worker or otherwise to deal in all varieties, mixtures, descriptions, spe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aordinary General Meeting was held and it was resolved to reduce the said share capital. The said resolution of the Company has been filed before the Registrar of Companies, Bangalore, Karnataka. For reduction of the share capital, Board has been invested with powers in Articles of Association of the Company. 2. It is further submitted by the petitioner that due to the recessionary conditions es ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ature as on the date of passing of the Special Resolution. Summons calling upon to any persons effected, filing their objections has been notified in the Deccan Herald, daily newspaper dated 21.11.2011, a copy of which has been produced before this Court In spite of lapse of the statutory period, no objections has been received from any other party for reduction of paid-up share capital. Further, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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