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2014 (11) TMI 1142 - HC - Companies LawReduction of capital seeked - Held that:- Having considered the averments made in the petition and having perused the decision taken by the Board of Directors and also the resolution passed in the Annual General Meeting of the petitioner company, it is of the opinion that the prayer made in the instant petition is liable to be granted. Reduction of paid up share capital and Securities Premium Account subject to the approval of the share holders of the company and confirmation by this Court allowed.
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