PVP Ventures Ltd has informed that the Board of Directors of the Company at its meeting held on December 03, 2008, inter alia, has approved the following matters:
1. Subject to the approval of the shareholders, to delete Sub-Clauses No.1, 2 & 3 of the clause III(A) of the Memorandum of Association of the Company.
2. subject to the approval of the shareholders, to amend the Articles of Association of the Company.In terms of section 192A of the Companies Act, 1956, read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001, the Company would seek approval of the shareholders by way of Postal Ballot. The Board has fixed December 05, 2008 as the cut-off date for ascertaining the list of shareholders to whom the Notice and Postal Ballot Form will be sent.The results of the Postal Ballot shall be declared on January 20, 2009.
1. Subject to the approval of the shareholders, to delete Sub-Clauses No.1, 2 & 3 of the clause III(A) of the Memorandum of Association of the Company.
2. subject to the approval of the shareholders, to amend the Articles of Association of the Company.In terms of section 192A of the Companies Act, 1956, read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001, the Company would seek approval of the shareholders by way of Postal Ballot. The Board has fixed December 05, 2008 as the cut-off date for ascertaining the list of shareholders to whom the Notice and Postal Ballot Form will be sent.The results of the Postal Ballot shall be declared on January 20, 2009.
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