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2016 (5) TMI 885

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..... the notice of the registration order by the Registrar of Companies and of the said minutes as approved by this Court be published in one issue of English Daily Newspaper viz., Business Standard and in one issue of Tamil Daily Newspaper viz., Malai Malar within four weeks from the date of receipt of copy of the order. - C. P. No. 1 of 2016 - - - Dated:- 10-3-2016 - K. Ravichandrabaabu, J. For the Petitioner : Ms. K. Ramasamy For Regional Director: Mr. G. Venkatesan, Senior Central Govt. Standing Counsel ORDER This petition is filed under Sections 100 to 104 of the Companies Act, 1956, read with Rules 46 and 47 of the Companies (Court) Rules, 1959, for confirming the reduction of Equity Share Capital of the petitioner C .....

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..... ower at any place or places and to transmit , distribute, sell and supply such power. The Board of Directors of the petitioner Company thought it fit to reduce some portion of paid up Share Capital by way of canceling 12,000,000 equity shares of ₹ 10 each out of the total paid up 233,012,193 equity shares of ₹ 10 each. Section 100 of the Companies Act, 1956, provides for reduction of Equity Share Capital. Article 4(c) of the Articles of Association of the petitioner Company permits the petitioner Company from time to time to reduce its Share Capital in any manner permitted by law. Accordingly, the petitioner Company is proposing to reduce the existing issued, subscribed and paid up equity share capital of the Company from ₹ .....

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..... f the Companies Act, 1956, at the Extra Ordinary General Meeting held at Mumbai on 4th December, 2015, wherein, it was resolved as follows:- RESOLVED THAT pursuant to the provisions of Sections 100 to 104 of the Companies Act, 1956 read with Section 52 of the Companies Act, 2013, Rules 46 to 65 of the Companies (Court) Rules, 1959 and/or any modification(s) or re-enactment thereof and other applicable provisions, for time being in force, if any, and subject to provisions of Memorandum of Association and Articles of Association of the Company, subject to the sanction of the Hon'ble High Court of Judicature at Madras/national Company Law Tribunal and any other statutory authorities, as the case may be, the consent of the equity share .....

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..... Law Tribunal and any other statutory authorities, as the case may be to the reduction of capital in terms of this resolution. RESOLVED FURTHER THAT any Director of the Company and/or Mr.Rajesh Bhathija and/or Mr.Ritesh Dedhia and/or Ms. Swapna Ravi, are hereby jointly and severally authorised to make such applications to the High Court as may be required and agree to any modifications or conditions that may be suggested, imposed or stipulated by the High Court or any other authority or effect such modifications as may be considered in the best of interest of the Company and it Members and to give such directions or instructions as they, from time to time, may think fit or proper (including direction for settling any question, doubt or .....

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..... y lakhs twelve thousand one hundred and ninety three only) Equity Shares of ₹ 10 each fully paid-up. At the date of registration of this minutes, the issued Subscribed and paid up equity share capital of the Company is ₹ 2,210,121,930 (Rupees Two hundred twenty one crores one lakh twenty one thousand nine hundred and thirty only) divided into 221,012,193 (Twenty two crores then lakhs twelve thousand one hundred and ninety three only) equity shares of ₹ 10 each and are fully paid up and the remaining share capital of ₹ 1,139,878,070/- divided into 113,987,807 equity share of ₹ 10/- each are unissued. 6. Publication containing the advertisement of the petitioner Company effected in one issue of English Daily .....

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