resolution for Intercorporate Investments, U/s 372A
vaibhav sharma
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Regards
Vaibhav Sharma
ronak shah
“RESOLVED THAT pursuant to the provision of section 372A & other applicable provision, if any, of the Companies Act 1956, consent of the company be and is hereby accorded to the Board of Director of the company (herein after referred to as the Board, which term shall be deemed to include any committee thereof), to make investment either directly or through a trust in the securities of the other bodies corporate as set out in the notice, as they may in their absolute discretion deem beneficial & interest there on,& to give any guarantee or provide any security in connection with loans made by any bank/financial institution /other entities to anybody corporate as set out in the notice, on such term &
condition as the Board may think fit, provided that the aggregate of such investment & loans made & the amounts for which guarantee or security is providing to or in all bodies corporate & outstanding at any time does not exceed Rs 100 crores (Rupees one hundred Crores) or equivalent amount in any other foreign currency,& that such making of investments & loans, giving of guarantee & providing of security are in the opinion of the Board made only for furthering the business interest of the company.
“RESOLVED FURTHER THAT all acts done in the past by the Board of Directors and Management of the Company in the regard be and are hereby confirmed and ratified.
“RESLOVED FURTHER THAT the Board be and is hereby authorized to do all such acts, deeds, matters & things inter alia for execution of deed /document & for prescribing the limit for investment, loan, guarantee & security to be made or provided to or in any or all body corporate /subsidiary/group/associate/vendor/joint venture companies/alliance partner, with or without intention of making any such body corporate as its subsidiary or otherwise.”
kunal singh
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Thanks & Regards
Kunal Singh
088750-28231
096808-10779
krishna ds
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