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| Exchange Disseminated Time | Emkay Global Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 16, 2009, have approved the alteration in Memorandum of Association of the company by insertion of following new clause number III-A (5) immediately after the existing clause no, III —A (4) under the Main Objects of the Memorandum of Association of the Company.
‘Clause Ill-A (5)’
'To carry on the business of Investment Banking in its entirety by acting as manager, consultant, advisor, counselor or arranger or in any other capacity for merger, acquisition, disposal, hive-off, spin-off ,private equity, venture capital, real estate investment trust, seed capital loan / debt syndication, equity / debt underwriting ,project financing, working capital financing , assets securitization, capital / debt restructuring, structured finance, foreign listing, financial engineering, project consultancy, feasibility study, due diligence study, credit appraisal, special situations and strategic advisory services and or any other financial product or instrument, to Corporate and Investors in India or elsewhere arid also to provide services and facilities of all kinds and description, all those capable of being provided by Investment Banker subject to approval, of Securities and Exchange Board of India or any other regulatory authority as may be required.”
The Board has proposed to transact the above resolution by Postal Ballot in terms of the provisions of Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules 2001. Accordingly, the Board has appointed Mr. P. N. Parikh of Parikh & Associates, Practicing Company Secretary as Scrutinizer for Conducting the Postal Ballot process.
The Board has also approved the draft of the notice seeking approval of the members through voting by Postal Ballot. |
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