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| Exchange Disseminated Time | Aviva Industries Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:
1. To alter the Clause III (A) of the Memorandum of Association of the Company relating to the Main Object Clause by inserting the new clause III (A)8 after the existing Main Object Clause III (A)7.
2. Shifting the Registered office of the Company from the 'State of Maharashtra' to the 'State of Gujarat' and Clause II of the Memorandum of Association of the Company be altered by substituting the words of Maharashtra for the words of Gujarat.
3. To mortgage / lease and / or charging of all movables and immovable properties of the Company where so ever situated, present or future and the whole of the undertaking of the Company in any favor and in such form and in such manner as the Board of directors of the Company may decide in the interest of the Company, subject to necessary provisions & approvals.
4. To borrow money, from time to time, at its discretion either from the Company / Es bank or any other bank, financial institution or any other lending institutions or persons on such terms and conditions as may be considered suitable by the Board of Directors up to a limit not exceeding in the aggregate Rs. 50 Crores notwithstanding that the money to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the company/Es bankers in the ordinary course of business), will exceed the aggregate of the paid up capital of the Company and its free reserves that is to say, reserves not set apart for any specific purpose, subject to necessary provisions & approvals.
5. To give guarantees / loans / investment and/or provide securities.
The Board of Directors has appointed Shri. Nimesh Shah, Practising Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before September 09, 2011. The Scrutinizer will scrutinize and submit his report to the Chairman of the Company on of before September 12, 2011. Results of the postal ballot will be announced by the Chairman on September 12, 2011. |
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