TMI Blog2022 (11) TMI 349X X X X Extracts X X X X X X X X Extracts X X X X ..... led a certificate dated 28.07.2022 from the Statutory Auditor issued to the effect that the accounting treatment for the Reduction of Share Capital is in conformity with the Accounting Standards with respect to the same as specified by the Central Government read with Section 133 of the Companies Act, 2013. The Applicant Company is directed to give notice of the instant Application within a period of 7 days from the date of receipt of this order to the (i) Central Government, (ii) the Registrar of Companies having jurisdiction over the files of the Applicant Company (iii) SEBI and any other relevant sectoral regulators - Application allowed. - CP/107(CHE)/2022 - - - Dated:- 17-10-2022 - R. Sudhakar, J. (President) And Sameer Kakar, M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Resolution was passed with respect to approval of scheme of reduction of Share capital of the Petitioner Company and on 03.08.2022, a Resolution was passed with respect to an amendment was made in Draft Scheme of Reduction of Share Capital of the Petitioner Company which is placed at Page Nos. 126 to 146. RESOLVED THAT pursuant to the provisions of Section 66 and other applicable provisions, if any, of the Companies Act, 2013 read with rules made there under, in terms of Clause 57 of the Articles of Association of PACE AUTOMATION LIMITED ('the Company), subject to the consent of the creditors of the company if any, subject to the approval, of the M/s. Metropolitan Stock Exchange of India Limited and/or the Securities Exchange boa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on is ₹ 12,00,00,000/- (Rupees Twelve Crore Only) divided into 95,00,000/- (Ninety Five lakh only) Equity Share of ₹ 10/- each and 25,00,000/- Redeemable Preferential shares of Rs. 10/- each. The issued, subscribed and paid - up share capital of the Applicant Company is ₹ 11,94,80,350/- (Rupees Eleven Crore Ninety-Four Lakhs and Eighty Thousand Three Hundred and Fifty only) comprising of 94,48,035 (One Ninety-Four Lakhs Forty-Eight Thousand and Thirty-Five Only) Equity shares of ₹ 10/- each and Rs. 2,50,00,000/- (Two Crore Fifty Lakh only) divided into 25,00,000/- (Twenty-five Lakh) Redeemable Preferential shares of Rs. 10/- each. The Company does not have any partly paid up shares and any other class of shares. 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... king into consideration the Application as well as the documents filed along with it, and the representation made by the Ld. Authorised Representative for the Applicant Company, we order as follows: i. The Applicant Company is directed to give notice of the instant Application within a period of 7 days from the date of receipt of this order to the (i) Central Government, (ii) the Registrar of Companies having jurisdiction over the files of the Applicant Company (iii) SEBI and any other relevant sectoral regulators. ii. The Applicant Company is further directed to cause publication of notice in the prescribed form in English Business Standard (All India Edition) and in Tamil, Dina Malar (Tamil Nadu Edition), where the registered ..... X X X X Extracts X X X X X X X X Extracts X X X X
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