2016 (7) TMI 1616

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..... 1. Heard the learned counsel for the Petitioner. No objector has come before the court to oppose the Scheme for Reduction of Share Capital and nor any party has contravened and nor any party has contravened any averments made in the Petition. 2. The Counsel for the Petitioner submits that by Order dated 1st July, 2016 passed in Company Summons for Direction No 470 of 2016, the procedure prescribe .....

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..... ree) by cancellation of 4,19,083/- (Four Lakh Nineteen Thousand and Eighty Three) shares held by Rahul Yadav and the company shall pay a consideration of Rs. 4,19,083 (Rupees Four Lakh Nineteen Thousand and Eighty Three) at a price of Rs. 1 per share, to Rahul Yadav for the aforesaid reduction of capital. The copy of the Special Resolution is annexed at Exhibit-'H' to the Company Scheme Petition. .....

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..... ly authenticated by the Company Registrar, High Court, Bombay. 9. Petitioner to publish notices in the same newspapers i.e. Free Press Journal in English language and Navshakti, in Marathi language both having circulation in Mumbai about registration of Order and minutes of reduction by the concerned Registrar of Companies, Maharashtra. Publication in Maharashtra Government Gazette is dispensed w .....

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