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| Exchange Disseminated Time 28/06/2016 19:16:48 | Prime Urban Development India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2016, inter alia, has transacted the following business:
1. To seek consent of the Members of the Company by way of passing Special Resolutions through Postal Ballot for the following items:
(i) Giving Loan(s) / Guarantee(s) / and/or providing Security (ies) in connection with a Loan and/or making Investment(s) by the Company u/s 186 of the Companies Act, 2013.
(ii) Creation / Modification of Charge(s) / Mortgage(s) / Hypothecation(s) and Encumbrance(s) on the movable and immovable properties of the Company both present and future u/s 180(1)(a) of the Companies Act, 2013.
(iii) Borrowing limits of the Company u/s 180(1)(c) of the Companies Act, 2013.
2. Approved Notice of Postal Ballot along with Explanatory Statement, Postal Ballot Form, E-voting procedure etc. pursuant to Section 110 of the Companies Act, 2013 and the Rules made thereunder.
3. Appointed Dr. S. K. Jain, Practicing Company Secretary and proprietor of M/s. S. K. Jain & Co. to conduct the Postal Ballot process of the Company in a fair and transparent manner and give report thereon. |
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