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| Exchange Disseminated Time | K-Lifestyle & Industries Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on July 16, 2014, inter alia, transacted the following business:
1. To seek consent of the Members through Postal Ballot pursuant to section 110 of Companies Act, 2013 read with the Rule 22 of Companies (Management and Administration) Rule, 2014 for the following matters:
a) To Approve the Borrowing Power of the Company pursuant to Section 180(1)(c) and other provisions, if any, of the Companies Act, 2013.
b) To Approve the Creation of Charge/Mortgage on assets of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013 for all credit facilities.
c) To Approve the Limit of Loan / Guarantee / Security and Investment by the Company pursuant to Section 186 of the Companies Act, 2013.
d) Authorization for the Related Party Transaction pursuant to the section 188 of the Companies Act, 2013.
2. Approved the Notice of the Postal Ballot u/s 110 of the Companies Act, 2013. |
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