TMI Blog2016 (4) TMI 1459X X X X Extracts X X X X X X X X Extracts X X X X ..... :- No objector has come forward to oppose the proposed reduction. Since the requisite statutory procedure has been fulfilled, the Company Scheme Petition is made absolute. Petitioner to publish notices in the same newspapers i.e., Free Press Journal in English language and Navshakti in Marathi language, both having circulation in Mumbai and also in the Maharashtra Government Gazette about r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... empowers the Petitioner Company to reduce its share capital in any manner by passing Special Resolution in any manner for the time being authorised by law. 4. The learned Counsel for the Petitioner states that the Petitioner Company have passed Special Resolution with requisite majority at its Extra Ordinary General Meeting held on 2nd February, 2016, to reduce upto a maximum of 91,00,000 (Nine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appearing on behalf of the Petitioner Company states that the Petitioner has complied with all the statutory requirements as per the directions of this Court and they have filled necessary affidavit of compliance in the Court. Moreover, Petitioner Company also undertakes to comply with statutory requirements, if any, as required under the Companies Act, 1956 and the Rules made thereunder. 6. No ..... X X X X Extracts X X X X X X X X Extracts X X X X
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