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TMI Blog2017 (6) TMI 1350X X X X Extracts X X X X X X X X Extracts X X X X ..... certified copy of the order and the form of minutes forming part of the Petition, duly certified by the Deputy Director, National Company Law Tribunal. The Petitioner Company undertakes to file the same with the Registrar within 30 days from the date of the receipt of the order. - COMPANY PETITION NO. 13 OF 2017 - - - Dated:- 28-6-2017 - V. Nallasenapathy AND B.S.V. Prakash Kuniar, JJ. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al from time to time. 4. The Counsel for the Petitioner Company submits that the proposed reduction of share capital will result in the presentation of true and fair view of the financial results of the Company The Board of Directors of the Company, at their meeting held on 23 May, 2016, have deemed it appropriate to reduce the Securities Premium Account of the Company as on March 31, 2016 by a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xty Five Thousand Five Hundred and Fifty) standing to the credit of the Securities Premium Account by crediting the Statement of Profit and Loss to adjust the deficit to the Statement of Profit and Loss of the Petitioner Company. 6. Counsel appearing on behalf of the Petitioner Company further submits that the Petitioner Company has complied with all statutory requirement as per the directions ..... X X X X Extracts X X X X X X X X Extracts X X X X
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