Rico Auto - Notice of postal Ballot
Rico Auto Industries Ltd has informed BSE that the shareholders of the Company, will consider to approve by way of Postal Ballot, the following Special Resolutions:
1. To alter the Memorandum of Association of the Company by inclusion of the following objects as Sub-Clause 28 under “Other Objects - Clause III(C)” of the Memorandum of Association of the Company.
Sub-Clause 28
a. To let, sub-let, lease, sub-lease, give on hire any space, building or other property of the Company including offices, plants, equipments, machinery, vehicles required for office use, store, manufacturing, processing, transportation and trading business and such other commercial and service business related thereto.
b. To provide, operate, manage, supervise, arrange and give on hire all services facilities, conveniences, equipment and the like, including rendering of back office and support services, in the fields of human resource, finance, treasury, accounts, legal, administration and the like and any other services ancillary or incidental to the foregoing.
2. To commence and undertake all or any of the business specified in Sub-Clause 28 of “Other Objects Clause III (C)” of the Memorandum of Association.
The Board of Directors has appointed Shri. Sooraj Kapoor Practising Company Secretary as the Scrutinizer for conducting the postal ballot process.
The Postal Ballot form duly completed should reach the scrutinizer on or before March 14, 2008. The scrutinizer will submit his report to the Managing Director of the Company after completion of the scrutiny in a fair and transparent manner. The result of the Postal Ballot will be announced by the Managing Director of the Company or in his absence by any person so authorised by the Managing Director on March 25, 2008.
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