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| Exchange Disseminated Time | Manaksia Ltd has informed BSE that pursuant to the Scheme of Arrangement filed by the Company under provisions of Section 391 to 394 of the Companies Act, 1956 (Act), with Hon’ble High Court at Calcutta, the Board of Directors of the Company on November 28, 201 3, has considered and approved the following:
1. Notice to seek approval of the members of the Company through the process of Postal Ballot under Section 192A of the Act read with the Companies (Passing of resolution by Postal Ballot) Rules, 2011, to comply with the requirement of SEBI circular dated February 04, 201 3 read with SEBI circular dated May 21, 2013.
2. Notice for convening Extra-Ordinary General Meeting of the Company to consider and approve reduction of Securities Premium Reserve Account of the Company under provisions of Section 100 to 103 read with Section 78 of the Act.
The Board has also authorised Managing Director and/or Company Secretary to conduct the entire Postal Ballot process and has decided November 29, 2013 as the date of entitlement for voting on the resolution to be passed by way of Postal Ballot. |
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