2015 (2) TMI 1359

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.... This petition is filed seeking reduction of the share capital as narrated in the petition therein. By an order dated 18.12.2014, settling of the list of the creditors were dispensed. Thereafter, publication is taken out in 'The Hindu' English Daily and in 'Udaya Vani' Kannada daily. The Extraordinary General Meeting of the shareholders of the petitioner company was held on 02.12.2014 and the sh....

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....educed to Rs. 4,52,58,260/- (Rupees Four Crores Fifty Two Lakhs Fifty Eight Thousand Two Hundred and Sixty only) consisting of 45,25,826 (Forty Five Lakhs Twenty Five Thousand Eight Hundred and Twenty Six) equity shares of Rs. 10/- (Rupees Ten Only) each fully paid, by writing off Rs. 4,52,58,270/- (Rupees Four Crores Fifty Two Lakhs Fifty Eight Thousand) Two Hundred and Seventy Only) against the ....

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.... Three Only), from Rs. 35,80,66,120/- (Rupees Thirty Five Crores Eighty Lakhs Sixty Six Thousand One Hundred and Twenty Only) to Rs. 2,22,44,547/- (Rupees Two Crores Twenty Two Lakhs Forty Four Thousand Five Hundred and Forty Seven Only) by adjustment and setoff of the said amount against the debit balance in the profit and loss account after adjustment of Rs. 33,58,21,573/- (Rupees Thirty Three C....

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....e Thousand Six Hundred and Fifty Three) by adjusting and set off of Rs. 4,52,58,270/- (Rupees Four Crores Fifty Two Lakhs Fifty Eight Thousand Two Hundred and Seventy Only) against the debit balance in the profit and loss account of the company. And THAT the Securities Premium Account of SeQuent Penems Private Limited is reduced to Rs. 2,22,44,547/- (Rupees Two Crores Twenty Two Lakhs Forty Fou....