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2015 (3) TMI 1429 - HC - Companies LawReduction of its preference share capital - Sections 100 to 105 of Companies Act, 1956 - HELD THAT:- Despite publication of notice, no objection has been received from any creditor or any member of the public. The petitioner company has filed the affidavit of Sh. Anil Saxena, Director of the petitioner company, on 17th March, 2015 submitting that neither the petitioner company nor its counsel have received any objection pursuant to citations published on 23rd January, 2015. Thus, there appears to be no legal impediment in allowing the present petition. In view of the averments made in the petition and there being no objection from any creditor or any member of the public, the petition is hereby allowed. The resolution passed by the petitioner company in its Extra Ordinary General Meeting held on 22nd October, 2014 for reduction of its share capital is approved. The 'Form of Minutes' proposed to be registered under Section 103(1)(b), and annexed as Annexure –‘L’ to the petition, is also approved. Petition allowed.
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