SV Electricals - Outcome of Board Meeting
SV Electricals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 11, 2007, has accorded its approval as under:
1. Subject to the approval of members by way of ordinary resolution pursuant to the provisions of section 293(l)(a) and section 192A of the Companies Act, 1956 and approval of the Banks and financial institutions and other authorities as may be necessary, authority to disposal of the whole or substantial part of the assets of the Company including the Company's manufacturing unit situated at Dewas (M.P.).
2. Approved the notice of the postal ballot, postal ballot form and has appointed the scrutinizes and responsible officer of the Company for conducting postal ballot process as required section 192A read with the Companies (Passing of resolution by Postal Ballot) Rules 2001.
3. Constituted a committee for taking suitable action for sale of the assets of the Company as described above and to receive offer, identify suitable buyer, recommend the terms, conditions and consideration for the above said purposes.
4. Approved the calendar of event as required under section 293(1)(a) section 192A and the Companies (Passing of resolution by Postal Ballot) Rules 2001.
1. Subject to the approval of members by way of ordinary resolution pursuant to the provisions of section 293(l)(a) and section 192A of the Companies Act, 1956 and approval of the Banks and financial institutions and other authorities as may be necessary, authority to disposal of the whole or substantial part of the assets of the Company including the Company's manufacturing unit situated at Dewas (M.P.).
2. Approved the notice of the postal ballot, postal ballot form and has appointed the scrutinizes and responsible officer of the Company for conducting postal ballot process as required section 192A read with the Companies (Passing of resolution by Postal Ballot) Rules 2001.
3. Constituted a committee for taking suitable action for sale of the assets of the Company as described above and to receive offer, identify suitable buyer, recommend the terms, conditions and consideration for the above said purposes.
4. Approved the calendar of event as required under section 293(1)(a) section 192A and the Companies (Passing of resolution by Postal Ballot) Rules 2001.
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