2013 (5) TMI 1042

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.... Singh, Sri Rahul Dheeman, learned counsel for the petitioner and Sri Shahid Kazmi, learned counsel, who appears for the Registrar of Companies, U.P. at Kanpur. Petitioner, Steria (India) Ltd., a company duly registered and incorporated under the Companies Act, 1956 (hereinafter referred to as the Act) and registered with the Registrar of Companies U.P. at Kanpur, having its registered office i....

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.... have been brought on record in original by means of an affidavit of service. The notice of the petition fixing 8th April, 2013 as the next date has been published in the news paper Times of India (English), Delhi dated 13th April, 2013 and Amar Ujala (Hindi) Delhi dated 13th April, 2013. In response to the above publication of notice none has appeared and filed objections so as to oppose th....

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....- consisting of Rs. 1,42,95,770/- equity shares of Rs. 10/- each. The aforesaid reduction is to be affected by paying off 568 equity share holders holding Rs. 1,14,230/- equity shares a sum of Rs. 800/- per equity share as against the value of Rs. 695.62/- per share as determined by the Chartered Accountants commissioned for the purpose. The aforesaid reduction of the share capital does not in ....

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....reduction of the share capital of the company would in any way be detrimental to the public interest or would be against the national policy. The court is also satisfied that the reduction of the share capital of the company in the aforesaid manner does not in any manner affect the liability of the company. In view of the aforesaid facts and circumstances, the resolution for reducing the sha....