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| Exchange Disseminated Time 21/08/2015 18:44:04 | Magma Fincorp Ltd has informed BSE that the Management Committee of the Board of Directors of the Company (which has been authorized in this regard) at its meeting held on August 21, 2015 has decided to seek approval of Members of the Company by way of Postal Ballot pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of Companies (Management and Administration) Rules, 2014 for amendment to the Articles of Association of the Company.
The above matter require approval from the members of the Company. The Committee has proposed to seek the approval from the members to the resolution by means of Postal Ballot route as provided in the provisions of Section 110 and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 22 of Companies (Management and Administration) Rules, 2014.
M R & Associates, Company Secretaries, Kolkata, have been appointed as Scrutinizer for conducting the Postal Ballot voting process in a fair and transparent manner. The Voting Rights of the Members shall be reckoned as on August 14, 2015 which is the cut off date. |
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