Petition under Section 101 for confirming the reduction of Share Capital

Updated at:March 2010
 
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[See Rule 46]

IN THE HIGH COURT AT........

Company Petition No. ........ of 20......

............... Co. Ltd. - Petitioner

Petition under Section 101 for confirming the reduction of

share Capital

The petition of ............. Co., Ltd. the petitioner herein showeth

  1. The abovenamed company, the petitioner herein (hereinafter 'called the company') was registered on the ...................... day of........... 20....., under the provisions of the [Companies Act, 1956] as a company limited by shares/limited by guarantee with a share capital.

  2. The Registered Office of the company is situated at ..................

  3. The objects of the company are [manufacture of bicycles, etc.] and other objects set forth in the memorandum of association thereof.

  4. The capital of the company is Rs. ............ divided into ........... shares of Rs........... each, of which ............. shares have been issued and have been fully paid-up or credited as fully paid-up (or have been paid-up to the extent of Rs. ............. per share).

  5. Shortly after its incorporation, the company commenced business, and it has since been and is still carrying on business.

  6. By article(s) ............. of the articles of association of the company, it is provided that the company may, from time to time, by special resolution reduce its capital in any manner permitted by law.

  7. [Set out reasons for reduction.]

  8. By a special resolution of the company, duly passed in accordance with Section 189 of the Companies Act, 1956, at a general meeting thereof, held after due notice as provided in the Act on the .............. day of .............. 20......, it was resolved:-

  9. [Here set out whether the reduction of capital does or does not involve...

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