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| Exchange Disseminated Time | Anant Raj Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2014, inter alia, has considered and approved the following:-
1. Creation of charge on the Company’s assets under Section 180(1)(a) of the Companies Act, 2013, subject to confirmation by the shareholders of the Company, to secure financial assistance to be availed by the Company.
2. Appointment of M/s. Kabra & Associates, Cost Accountants, for conducting the Cost Audit of the Company for the financial year 2014-15 at a remuneration of Rs. 75,000/- per annum.
3. New set of Articles of Association of the Company, subject to confirmation by the shareholders of the Company, in conformity with the Companies Act, 2013.
4. Construction Contracts with Anant Raj Cons. & Development Private Limited, wholly owned subsidiary, subject to confirmation by the shareholders of the Company, upto an amount of Rs. 100 Crores (Rupees One Hundred Crores only) for financial year 2014-15.
5. Providing of loans to wholly owned subsidiaries of the Company, subject to confirmation by the shareholders of the Company, upto an amount of Rs. 1000 Crores (Rupees One Thousand Crores only) for financial year 2014-15. |
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