Sharon Bio-Medicine - Outcome of Board Meeting
Sharon Bio-Medicine Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2008, inter alia, has transacted the following:
1. The following resolution to be passed by the Postal Ballot U/s 192(A);
a. Insertion of new sub clause No. 82 after the existing sub clause No. 81 of Clause III (c) of the other object of the Memorandum of Association of the Company, pursuant to the provisions of Section 17 (e).
b. Commencement of the new business activities as stated in clause No. 82 of Clause III (c) of the other object of the Memorandum of Association of the Company.
c. Authorizing Board of Directors to create charge by way of mortgage etc., immoveable properties of the Company.
d. Authorizing Board of Directors to borrow money in excess of paid up capital and free reserves of the Company.
e. The existing Article No. 78 be amended by insertion of new sub-clause (d) after the
existing sub-clause (c) of the Articles of Association of the Company.
f. Substitution of the existing Article No. 129 with New Article No. 129 of the Articles of Association of the Company.
2. Appointment of Scrutinizer Mr. Jagdish P Patel, Company Secretary (In Whole Time Practice) Vapi for conducting the Postal ballot Process.
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