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| Exchange Disseminated Time | Sutlej Industries has informed BSE that the members of the Company, by way of Postal ballot, have passed the following special resolutions, with requisite majority:
1. Amendment of the existing Object Clause with New Object Clause of the Company i.e. Clause A, B & C respectively of the Object Clause of the Memorandum of Association of the Company.
(A) Main Objects of the Company to be pursued (After Demerger of its Textiles Division approved by The Hon'ble High Court of Rajasthan Bench at Jaipur on May 12, 2006)
(1) To carry on the business of investment Company and for that purpose to invest in and acquire hold and deal in shares, stocks, debentures, debenture stocks, bonds, obligations and securities issued or guaranteed by any body corporate carrying on business in India or elsewhere and debentures, debenture stocks, bonds, obligations and securities, issued or guaranteed by any Government State dominion, sovereign, ruler, commissioners, public body or authority, supreme, municipal local or otherwise whether in India or elsewhere.
(2) To acquire any such shares, stocks, debentures, debenture stock, bonds, obligations or securities, by original subscriptions tender, purchase, exchange or otherwise and to subscribe for the same, either conditionally or otherwise, and to guarantee the subscription thereof and to exercise and enforce all rights and powers conferred by or incidental to the ownership thereof.
(3) To carry and otherwise dispose of exchange, transfer or alienate any of the Company's investments and those mentioned in (1) and (2) above.
(4) To invest in and otherwise deal in gold, silver and other precious metals and all articles and merchandise of all kinds either ready or for forward delivery.
(5) To carry on all their respective branches the business of general finance and investment.
(6) To promote, form or acquire Company(s) industry(s) and to take purchase or acquire shares or interest in any Company and to transfer to any such Company, any property of this Company and to take or otherwise acquire, hold and dispose of or otherwise deal in and invest in any shares, debentures and other securities in or of any Company or Companies either out of its own funds or out of funds it might borrow by issue of debentures of from bankers or otherwise and to subsidise or otherwise assist any such Company.
(7) To invest money (not amounting to banking business) on personal security or on the security, of leasehold and freehold land, shares securities, stock merchandise and other property and assets and generally to lend and advance money to such persons, firms, or Companies and upon such terms and subject to such conditions as may seem expedient.
(8) To hold and lease immoveable properties and purchase for investment and resale and to deal in land, house and other property of any tenure and any interest thereon and to create, sell or deal in freehold and leasehold property.
(9) To carry on the business of badla transaction in whatever name or form as permitted by law as in force from time to time.
(10) To carry on the business of traders and merchants in all types of commodities and articles of consumption in India or elsewhere and enter into transaction for purchase and sale of various commodities for future delivery.
(11) To carry on the business as broker and trader in all commodities and commodity derivatives and to act as market maker, finance broker, sub-broker, underwriters, sub-underwriters, providers of services for commodity related activities. And to do the business of commodity warehousing, processing and consumption. To apply for and obtain registration as commodity broker or Member of any Commodity Exchanges any where in India and abroad. To buy, sell, take hold deal in, convert, modify add value transfer or otherwise dispose of commodities and commodity derivatives and to carry on the above business in India and abroad for and on behalf of the Company as well as others. To do the business of commodity (including commodity derivatives) broking, trading and holding.
(B) Objects Incidental or Ancillary to the Attainment of main objects.
(C) The Other Objects.
2. Commencement by the Company of all or any of the business activities as contained in the newly inserted Clause (1) to (11) of the Main Object of the Memorandum of Association of the Company.
3. Shifting of Registered Office of the Company from the State of Rajasthan to the State of West Bengal and the Clause II of the Memorandum of Association of the Company be altered by substituting the word "Rajasthan" by the word "West Bengal".
4. Change the name of the Company from "Sutlej Industries Ltd" to "SIL Investments Ltd". |
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