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2016 (5) TMI 885
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....t the registered office of the petitioner Company be confirmed by this Court so as to be binding on all shareholders and creditors of the petitioner Company and the petitioner company seeks for the following prayers: (a) that the reduction of share capital as approved by the Petitioner Company in terms of the Special Resolution passed at the Extraordinary General Meeting held on 04th day of December 2015 be and is hereby confirmed. (b) that the Minutes relating to the reduction of the share capital of the petitioner as provided under Clause 27 and set forth in Annexure 10 of this petition is approved under Section 103(1) of the Companies Act, 1956 and the reduction be and is hereby made effective. (c) Dispense with the words And Re....
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....s. 10/- each fully paid-up. The nature of business carrying on is detailed in the Memorandum & Articles of Association and the same is marked as Annexure-1. The Authorized Share Capital of the petitioner Company as on 31.03.2015 is Rs. 3,35,00,00,000/- (Rupees Three Hundred and Thirty Five Crore only) divided into 33,50,00,000 (Thirty Three Crore Fifty Lakh Only) Equity Shares of Rs. 10/ each. A copy of the Resolution passed by the Board of Directors of the petitioner Company on 03.12.2015 is marked as Annexure-4. A copy of the audited Balance Sheet of the petitioner Company as on 31.03.2015 is marked as Annexure-2. A copy of the Special Resolution passed by the Board of Directors of the petitioner Company at its Extra Ordinary General Meet....
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....ed Thirty Three crores one lakh twenty one thousand nine hundred and thirty only) divided into 233,012,193 equity shares of Rs. 10/- each fully paid up to Rs. 2,210,121,930/- (Two hundred Twenty one crores one lakh twenty one thousand nine hundred and thirty only) divided into 221,012,193 equity shares of Rs. 10/- each fully paid-up; such reduction is effected by canceling and extinguishing 12,000,000 equity shares of Rs. 10/- each fully paid up, and shareholders shall be those whose names appear in the register of members of the Company as on the date on which the said reduction sis made effective. RESOLVED FURTHER THAT Mr.Suresh Dhawan, Managing Director on Mr.K.Venkata Rao, President, CEO & Director or Ms. Swapna Ravi, Authorise....
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....ual or proper. RESOLVED FURTHER THAT Mr.Suresh Dhwan, Managing Director or Mr.K.Venkata Rao, President, CEO & Director or Ms.Swapna Ravi, Authorised Signator of the Company, be and are hereby authorised to severally, sign, submit and execute all applications, petitions, forms, returns, deeds and documents for and on behalf of the Company in relation to the reduction of equity share capital under Section 100 to 104 of the Companies Act, 1956 read with Section 52 of the Companies Act, 2013 before the Hon'ble High Court of Judicature at Madras/National Company Law Tribunal and any other statutory authorities, as the case may be." 5. It is also relevant to refer to the Form of the Minute proposed to be registered under Section 1....