|
| Exchange Disseminated Time | State Trading Corporation of India Ltd has informed BSE that the members of the Company will consider to approve, by way of Postal Ballot, the Special Resolution relating to alter the Memorandum of Association of the Company by re-numbering existing sub clause 49, 50, 51 as 53, 64, 55 and adding the following sub clauses 49,50,51 and 52 to the main objects of the Company.
"Sub clause 49
To purchase, take on lease, or otherwise acquire, any mines, mining rights and metalliferous land in the country or elsewhere and any interest thereto, to explore, develop and operate the same, and / or to enter into any partnership, collaboration, contract or understanding with any other party for all or any of the mining operations or development work or work relating to safety and sustainability of the mines.
Sub clause 50
To crush, win, get, quarry, smelt, calcine, refine, dress, amalgamate, manipulate and prepare for market, ore, metal, and mineral substances of all kinds, and to carry on any other metallurgical operations which may seen conducive to any of the Company’s objects.
Sub clause 51
To organize and undertake forward trading, hedging or any other type of trading activity including online trading in foreign exchange, commodities, products, equipments, information technology, communication infrastructure including hardware and software, emissions credits.
Sub clause 52
To purchase, take on rent or lease or otherwise acquire any real estate either for setting up its offices, warehouses, other trade infrastructure, housing or other facilities for employees or for improving, developing, selling, giving on rent or lease or transacting in real estate in any other way in the interest of the Company."
The Company has appointed Shri. Parveen Rastogi, FCS 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 not later than the close of working hours on April 30, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot shall be announced by the Chairman, or in his absence by any other person, so authorized by the Chairman on May 04, 2009. |
|
|