MCS Ltd has informed that the Board of Directors of the Company at its meeting held on February 04, 2008, has taken the following resolutions:
1. To promote / set up subsidiary Companies in various foreign countries to carry on business of Ferro Alloys, Cement, Steel, Mining, Infrastructure and Allied Industries.
2. To change the name of the company to any one of the following subject to the availability by Registrar of Companies and after compliance with necessary formalities:
a. MCS Overseas Ventures Ltd
b. MCS Overseas Ltd
c. MCS Holdings Ltd
d. MCS Alloys & Infra Projects Ltd
3. To invest up to Rs 100 crores by way of investment in capital / making loans to / providing securities or Guarantee(s) for the loans granted to an existing or new Companies to be incorporated for the purpose and to mobilize the required amount for investment by issue of Convertible Bonds / securities / FCCB / GDR / loans or combination of all, to interested persons subject to necessary approvals from share holders and compliance of legal formalities.
4. To increase the Authorized Capital from the present Rs 10 Crores to Rs 25 Crores by the creation of additional Equity Shares of Rs 10/- each and to alter the capital Clause of Memorandum and accordingly subject to necessary approvals.
5. To issue Corporate Guarantee in favour of Banks / Financial institutions for amount not exceeding Rs 500 crores on behalf of the subsidiary Companies to be set up subject to necessary approvals from share holders.
6. To alter the object clause of the Memorandum to incorporate therein the business of infrastructure and others subject to necessary permission from the share holders.
1. To promote / set up subsidiary Companies in various foreign countries to carry on business of Ferro Alloys, Cement, Steel, Mining, Infrastructure and Allied Industries.
2. To change the name of the company to any one of the following subject to the availability by Registrar of Companies and after compliance with necessary formalities:
a. MCS Overseas Ventures Ltd
b. MCS Overseas Ltd
c. MCS Holdings Ltd
d. MCS Alloys & Infra Projects Ltd
3. To invest up to Rs 100 crores by way of investment in capital / making loans to / providing securities or Guarantee(s) for the loans granted to an existing or new Companies to be incorporated for the purpose and to mobilize the required amount for investment by issue of Convertible Bonds / securities / FCCB / GDR / loans or combination of all, to interested persons subject to necessary approvals from share holders and compliance of legal formalities.
4. To increase the Authorized Capital from the present Rs 10 Crores to Rs 25 Crores by the creation of additional Equity Shares of Rs 10/- each and to alter the capital Clause of Memorandum and accordingly subject to necessary approvals.
5. To issue Corporate Guarantee in favour of Banks / Financial institutions for amount not exceeding Rs 500 crores on behalf of the subsidiary Companies to be set up subject to necessary approvals from share holders.
6. To alter the object clause of the Memorandum to incorporate therein the business of infrastructure and others subject to necessary permission from the share holders.
No comments:
Post a Comment