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2016 (12) TMI 691 - KARNATAKA HIGH COURTReduction of the share capital - Held that:- There is no objection to the reduction of the share capital to be allowed and approved by this Court under Section 100 of the Companies Act, 1956. The same is therefore allowed and the company petition is accordingly allowed. The order including the minutes shall be delivered to the Registrar of Companies within twenty one days from the date of receipt of a certified copy of this order. The notice of reduction of paid-up equity share capital, shall be published by the petitioner company in the English Daily “The Hindu” and Kannada Daily ‘Udayavani’ Bengaluru edition within fifteen days from the date of registration of the order and minutes by the Registrar of Companies and a copy thereof shall be filed by the petitioner with the Registry.
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