2016 (4) TMI 1459

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....tioner. ORDER 1. Heard the learned counsel for the Petitioner. No objector has come before the court to oppose the Reduction of Equity Share Capital and nor any party has contravened any averments made in the Petition. 2. The Counsel for the Petitioner submits that by Order dated 1st April, 2016 passed in Company Summons for Direction No 211 of 2016, the procedure prescribed under Section....

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.... Seventy) divided into 1,44,38,037 (One Crore Forty Four Lakh Thirty Eight Thousand and Thirty Seven) Equity Shares of Rs. 10 each fully paid up, and that such reduction is effected by returning capital to the Equity shareholders upto an aggregate amount not exceeding Rs. 100,00,00,000 (Rupees Hundred Crores) and the shareholders who are entitled to such distribution shall be those whose names app....