Karuna Cables Ltd has informed that the Board of Directors of the Company at its meeting held on September 20, 2008, inter alia, has considered and approved the following agenda for the approval of the shareholders through postal ballot :
1. Amendment in the Main Object Clause I by amending the new clause I in place of the existing clause no. 1 and to insert clause no. 64 to 67 in part C of Other Object Clause pursuant to section 17 of the Companies Act, 1956.
2. To commence the business not germane to the existing business of the Company.
3. Sale / disposal of whole or substantially the whole of undertaking of a Company as specified under section 293(1)(a) of the Companies Act, 1956.
4. Adopt new set of Articles of Association applicable to Public Limited Company.
5. For making investment, giving loans or extending guarantee or providing security in excess of the limit prescribed under Sub-Section (1) of Section 372A
1. Amendment in the Main Object Clause I by amending the new clause I in place of the existing clause no. 1 and to insert clause no. 64 to 67 in part C of Other Object Clause pursuant to section 17 of the Companies Act, 1956.
2. To commence the business not germane to the existing business of the Company.
3. Sale / disposal of whole or substantially the whole of undertaking of a Company as specified under section 293(1)(a) of the Companies Act, 1956.
4. Adopt new set of Articles of Association applicable to Public Limited Company.
5. For making investment, giving loans or extending guarantee or providing security in excess of the limit prescribed under Sub-Section (1) of Section 372A
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