Intra Infotech Ltd has informed that the Board of Directors of the Company at its meeting held on March 03, 2008, has approved the following resolutions subject to their approval by the members of the Company by way of postal ballot.
1. Alteration of object clause of Memorandum of Association of the Company.
2. Authorization under section 372 A to make investments etc. in excess of the limits laid down in section 372A of the Companies Act 1956 upto Rs 1000 Crores.
3. Authorization under section 293 (1) (a) to sell, lease, mortgage, sub-divide, transfer or otherwise dispose off whole or substantially the whole of the properties of the Company wheresoever situated present or future to or in favour of Companys bankers, financial institutions or any other body corporate for various financial requirements of the Company upto a limit of not exceeding Rs 3000 Crores.
4. Authorization under section 293 (1) (d) to increase the borrowing limits of the Company upto Rs 3000 crores.
The Postal ballot notice has been approved by the Board which will soon be sent to the shareholders.
The Company has appointed Shri. Puneet Harida, Practicing Company Secretary as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.
1. Alteration of object clause of Memorandum of Association of the Company.
2. Authorization under section 372 A to make investments etc. in excess of the limits laid down in section 372A of the Companies Act 1956 upto Rs 1000 Crores.
3. Authorization under section 293 (1) (a) to sell, lease, mortgage, sub-divide, transfer or otherwise dispose off whole or substantially the whole of the properties of the Company wheresoever situated present or future to or in favour of Companys bankers, financial institutions or any other body corporate for various financial requirements of the Company upto a limit of not exceeding Rs 3000 Crores.
4. Authorization under section 293 (1) (d) to increase the borrowing limits of the Company upto Rs 3000 crores.
The Postal ballot notice has been approved by the Board which will soon be sent to the shareholders.
The Company has appointed Shri. Puneet Harida, Practicing Company Secretary as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.
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