1995 (4) TMI 222

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....pass an order (a) that the reduction of capital resolved on by the special resolu- tion dated 5-12-1994, set out in para 10 of the petition, be confirmed; (b) that to this end, all inquiries and directions necessary and proper be made and given; and (c) that the proposed minute as set out in para 15 of the petition be approved. 2. Upon the petition of Tamil Nadu Newsprint and papers Ltd. presen....

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.... in Schedule 'B' hereto, be and is hereby approved; (3)that a certified copy of this order, including the minute as approved be delivered to the Registrar of Companies within 21 days from this date; (4)that notice of the Registration by the Registrar of Companies of this order of the minute, be published in one issue of 'Economic Times' within 14 days of the Registration aforesaid. SCHEDU....

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....ssue of 17.5 per cent non-convertible debentures of the amount of Rs. 26.93 crores, each such debenture having a face value of Rs. 100 credited as paid-up and such debentures being redeemable in cash in four equal annual instalments at Rs. 25 per debenture commencing from 1-4-1996 and such debentures shall carry a redemption premium of 10 per cent per annum which shall be payable in four equal ins....

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....48.18 crores representing 4,81,80,000 equity snares of Rs. 10 each to the shareholders proportionately : (a)by repaying equity capital to the extent of Rs. 21.25 crores at par in cash; (b)by issuing 17.5 per cent non-convertible debentures of the amount of Rs. 26.93 crores, it having the face value of Rs. 100 credited as paid-up and such debentures are redeemable in cash in four equal instal....