TMI Blog2014 (11) TMI 1142X X X X Extracts X X X X X X X X Extracts X X X X ..... ORDER A.S. Bopanna, The petitioner is before this Court seeking approval of the reduction of paid up equity share capital and Securities Premium Account as per the Special resolution dated 30.06.2014. 2. The petitioner was formerly known as AEG Power Solutions India Private Ltd. which has subsequently changed its name to TMEIC Power Electronic System India Pvt. Ltd. Since the change of name has been made subsequent to the filing of this petition, an application had been filed before this Court seeking amendment to the petition which had been permitted. Hence, the petitioner with its present name is before this Court seeking the relief as noticed herein. 3. The petitioner with its former name was incorporated on 10.10.200 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rder dated 14.08.2014 passed in CA No. 1356/2014. Simultaneously the petitioner was directed to take out notice of this petition in The Hindu' English Daily and 'Udayavani Kannada news papers which had been published on 22.08.2014. The same has been taken on record and thereafter to provide an opportunity to any person who may have any say in the matter to appear, the petition had been adjourned to this date. Despite the same, no shareholder of the company or any person interested in the affairs of the petitioner-company has approached this Court opposing the petition. 6. In that view, having considered the averments made in the petition and having perused the decision taken by the Board of Directors and also the resolution pass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bit balance in the Profit and Loss Account after adjustment of ₹ 339,004,700 of the paid-up equity share capital against the debit balance in the Profit and Loss account. (ii) The minutes as set out in the schedule here below is approved. SCHEDULE Approval is hereby accorded pursuant to Section 100 of the Companies Act, 1956, to the Special resolution of TMEIC Power Electronics Systems India Private Limited dated June 30, 2014, approving the reduction of the issued, subscribed and paid-up equity capital of the Company from ₹ 346,672,200, divided into 3,466,722 equity shares of ₹ 100 each to ₹ 7,667,500 divided into 76,675 equity shares of ₹ 100 each by a sum of ₹ 339,004,700 by adjustment and ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
