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2015 (5) TMI 237 - MADRAS HIGH COURTApplication for confirming the reduction of Equity Share Capital under Sections 100 to 104 of the Companies Act, 1956, read with Rules 11(a)(3) and 46 of the Companies (Court) Rules, 1959 - Permission for not to use Word 'and reduced' as last words after the company name - Held that:- At this juncture, it is relevant to extract the Special Resolution passed by the petitioner Company in accordance with Section 189 of the Companies Act, 1956, at the Extra Ordinary General Meeting held at Chennai on 15th December, 2014. In this it was resolved that that the reduction shall be effected in the books of accounts of the Company on approval of Honourable High Court of Judicature of Madras and on filing requisite forms with Registrar of Companies. It was also resolved that Directors of the Company be and are hereby severally authorized in their name and behalf of the Company to do all such other acts, matters, deeds and things necessary in connection with or incidental to give such effect to the proposal of reduction for the purpose of the above resolution. The Regional Director, Southern Region, Ministry of Corporate Affairs, Chennai, has filed an affidavit stating no objection to the proposal made by the petitioner Company for reduction of the Paid-up Equity Share Capital. In view of the above, the company petition is ordered with confirming the reduction of the paid-up equity share capital of the petitioner Company duly approved in terms of the Special Resolution passed by the equity shareholders at the Extra Ordinary General Meeting held at Chennai on 15th December, 2014,also not requiring the petitioner Company to add the words "and reduced" to its name as the last words thereof. - Application for confirming the reduction of Equity Share Capital approved.
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