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| Exchange Disseminated Time | Sundaram Finance Ltd has informed BSE that the members of the Company, will consider to approve the following resolutions, by way of Postal Ballot:
1. Accorded to the Board of Directors of the Company, to make loans to bodies corporate, from time to time, for such amounts, such that the outstanding loans together with investments made, guarantees given, securities provided by the Company, do not exceed Rs. 3000 cr. at any one time notwithstanding that the aggregate of the said loans/ investments/guarantees/securities, may exceed the limits prescribed under the said Section.
and
2. an Ordinary Resolution under Sections 198, 269 read with Schedule XIII, 309 and 317 of the Companies Act, 1956 for appointing Sri Harsha Viji as Director (Strategy & Planning).
The Board of Directors has appointed Mr. T. K. Bhaskar, Partner, HSB Partners, Advocates, Chennai, as the Scrutinizer, for conducting the postal ballot process in a fair and transparent manner.
The duly completed postal ballot form should reach the scrutinizer on or before the close of working hours (17:30 hrs) on December 15, 2010.
The scrutinizer will submit his report to the Chairman of the Company after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman on December 20, 2010. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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