Indo Castle Multimedia Ltd has informed that the Board of Directors of the Company at its meeting held on November 14, 2008, inter alia, has approved the following:
1. Allotment of 1,87,00,000 Equity shares of Rs 10/- each fully paid up of the Company pursuant to section 81 (1A) of the Companies Act, 1956, to the shareholders of Bonito Impex Pvt. Ltd (BIPL) in the share exchange ratio of 187 equity shares of Rs 10/- each of the Company for every 200 equity shares of Rs 1/- each held by the members of BIPL in BIPL pursuant to the Scheme of Amalgamation or BIPL (Transferor Company) and the Company (Scheme) approved by the Honble High Court of Judicature at Bombay vide its Order dated August 22, 2008 and filed with Registrar of Companies, Maharashtra on October 04, 2008, the effective date being October 04, 2008.
2. Acceptance of resignation of Mr. Anil Jain as the Director of the Company with effect from November 14, 2008 which was tendered due to preoccupations.
3. To change the name of the Company subject to the approval or the members to Indo Bonito Multinational Ltd or such other name as approved by Registrar of Companies, Maharashtra, Mumbai.
1. Allotment of 1,87,00,000 Equity shares of Rs 10/- each fully paid up of the Company pursuant to section 81 (1A) of the Companies Act, 1956, to the shareholders of Bonito Impex Pvt. Ltd (BIPL) in the share exchange ratio of 187 equity shares of Rs 10/- each of the Company for every 200 equity shares of Rs 1/- each held by the members of BIPL in BIPL pursuant to the Scheme of Amalgamation or BIPL (Transferor Company) and the Company (Scheme) approved by the Honble High Court of Judicature at Bombay vide its Order dated August 22, 2008 and filed with Registrar of Companies, Maharashtra on October 04, 2008, the effective date being October 04, 2008.
2. Acceptance of resignation of Mr. Anil Jain as the Director of the Company with effect from November 14, 2008 which was tendered due to preoccupations.
3. To change the name of the Company subject to the approval or the members to Indo Bonito Multinational Ltd or such other name as approved by Registrar of Companies, Maharashtra, Mumbai.
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