2016 (7) TMI 1615

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....the above named Applicant Company by a Company Summons for Direction AND UPON HEARING Mr. Hemant Sethi, instructed by M/s. Hemant Sethi & Co, Advocates for the Applicant Company AND UPON READING the Affidavit of Mrs. Pooja Nambiar, Company Secretary & Head - Compliance of the Applicant Company dated 31st day of March, 2016 in support of Company Summons for Direction AND Article 4 of the Articles o....

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....eration 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 AND in view of the averment made in Paragraph 12 to 15 of the Affidavit in support of Summons for Direction, inter-alia stating that there are no Secured Creditors and that the proposed reduction of equity share capital would not in any ....