Shree Rani Sati Investment & Finance Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 08, 2008, have accorded to the following:
1. Authority to the Board of Directors of the Company to borrow moneys from time to time for the purposes of the Company notwithstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained / be obtained from the Companys Bankers in the ordinary course of business) may exceed the aggregate of the Paid-up Capital of the Company and its Free Reserves, that is to say, Reserves not set apart for any specific purpose, provided that the total amount upto which moneys may be borrowed by the Board of Directors (apart from temporary loans obtained / to be obtained from the Companys Bankers in the ordinary course of business) shall not exceed at any time Rs 1000 Crores (Rupees One Thousand Crores), subject to necessary provisions & approvals.
2. Authority to the Board of Directors of the Company to create mortgages / charges / hypothecation on all or any of the immovable and / or movable properties of the Company, both present and future, of the whole, or substantially the whole, of the undertaking of the Company in such a manner as the Board may deem fit, for securing any 1oar obtained or as ma be obtained, from time to time, from any Bank, Financial Institution, Body Corporate or person or persons, on such terms and conditions, as may be agreed upon, together with interest, costs, charges, expenses and any other money payable by the Company, subject to necessary provisions and approvals.
1. Authority to the Board of Directors of the Company to borrow moneys from time to time for the purposes of the Company notwithstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained / be obtained from the Companys Bankers in the ordinary course of business) may exceed the aggregate of the Paid-up Capital of the Company and its Free Reserves, that is to say, Reserves not set apart for any specific purpose, provided that the total amount upto which moneys may be borrowed by the Board of Directors (apart from temporary loans obtained / to be obtained from the Companys Bankers in the ordinary course of business) shall not exceed at any time Rs 1000 Crores (Rupees One Thousand Crores), subject to necessary provisions & approvals.
2. Authority to the Board of Directors of the Company to create mortgages / charges / hypothecation on all or any of the immovable and / or movable properties of the Company, both present and future, of the whole, or substantially the whole, of the undertaking of the Company in such a manner as the Board may deem fit, for securing any 1oar obtained or as ma be obtained, from time to time, from any Bank, Financial Institution, Body Corporate or person or persons, on such terms and conditions, as may be agreed upon, together with interest, costs, charges, expenses and any other money payable by the Company, subject to necessary provisions and approvals.
No comments:
Post a Comment