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2015 (1) TMI 1354 - HC - Companies LawReduction of the Preference Share Capital - Held that:- Having perused the petition and more particularly the reasons given in support of the proposed reduction, this court is of the view that there is no reason not to confirm the proposed action of the petitioner to reduce its capital. The form of the minute proposed vide Para 11 of the Petition to be registered under section 103(1)(b) of the Companies Act is hereby approved and confirmed. The petitioner is directed to publish the Notice of Confirmation of Reduction of Capital and approval of the Minutes in the Ahmedabad editions of the English daily “Indian Express” and the Gujarati daily “the Jansatta” within 14 days of the registration of the order with the Registrar of Companies.
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