Ansal Properties & Infrastructure Ltd has informed BSE that the members of the Company will consider to approve, by of Postal Ballot, the following special resolution:
A. To alter Part (C) of Clause III of the Memorandum of Association of the Company containing the "Other Objects" Clause by inserting the following new sub clause as sub-clause numbers 8, 9, 10, 11, 12, 13, 14, 15, 16 & 17 immediately after the existing sub-clause number 7:
8. To set up power projects hydro-electric or Thermal, or wind or any other source or power, and to carry on the general business of generating, supply, distribute, transmit, transform electric or other source of power in any or all of its branches and to construct lay down, establish, fix and carry out all necessary power stations, cables and wires, lines, accumulators, lamps and works, and, to generate, accumulate, distribute and supply electricity and to light cities, towns, villages, streets, docks, markets, offices, theatres, buildings, industry or industries and any other places, both public and private.
9. To acquire or use or manufacture dynamos, accumulators, plant, machinery and all apparatus, machines not known, or that might be developed or invented in future in connection with the generation, transformation, transmission, propagation, radiation, distribution, supply, accumulation and employment or application, of electricity or other sources of power / energy and to construct / maintain, carry out, work, buy, sell, let on hire, lease, license and otherwise deal in works, plants, machinery, conveniences and things of all kinds capable of being used in connection with such purposes including cables, wires, lines, stations, exchanges, accumulators, dynamos, motor batteries, switching, regulating, controlling, mechanical or electrical apparatus, lamps, meters and engines.
10. To carry on the business of electricians and electrical, mechanical engineers, suppliers of electricity or other power / energy for the purpose of light, heat, mechanical power or otherwise, and manufacturers and dealers of apparatus, machines and things required for or capable of being used in connection with the generation, distribution, supply, accumulation and employment of electricity, galvanism, magnetism or non-conventional, renewable or new energy / power.
11. To study, plan, promote and organize an integrated and efficient development of Hydro-electric, thermal, or wind or any other source of power in all its aspects including planning, investigation, design, research and preparation of preliminary, feasibility and definite project reports, construction, (including any consequential environmental protection, afforestation and rehabilitation works), generation, operation and maintenance including renovation and modernization of Hydro electric, thermal, wind or other power stations and projects, transmission, distribution and sale of power generated at such Power Stations.
12. To undertake, wherever necessary the construction of transmission lines and ancillary works for timely and coordinated exchange of Hydro-electric thermal, or wind of any other source of power.
13. To carry on the business of purchasing, selling, importing, exporting, producing, trading, manufacturing or otherwise dealing in all aspects of hydro-electric, thermal, wind or any powers and in this respect to carry put planning, investigation, research, design and preparation of preliminary, feasibility and definite project reports, construction, generation, operation and maintenance of Hydro-electric, thermal, or wind or any other Power Stations and also carry on business relating to all projects, transmission, distribution, sale of power, power development, ancillary and other allied industries and for that purpose to install, operate and manage all necessary plants, establishments and works.
14. To do all the activities including acquisition by way purchase, lease or otherwise or transfer by way of sale, lease, license, or otherwise, or deal in all aspects, plant, equipment, machineries relating to the business of generating, supplying, distributing, transmitting or otherwise - electric, thermal, wind of other source of power.
15. To develop, buy, sell, trade, import, export, manufacture, put-up, install, let on hire, repair, assemble, distribute, provide solutions, services, and consultancy in the field of or otherwise deal in information technology ("IT") and IT enabled services, cyber technology, electronic commerce, electronic mail, internet, intranet, ISP, computers, computer hardware, computer software, TV software, system designing, web designing, web hosting, portals, web sites, search engines, domain name, registration, data processing, remote data processing, business process outsourcing, data transfer, call centers, cyber point, cyber cafe, IT education and training, placement services, selection and management consultant for IT, electronic communication equipments, electronic data processing equipments, their peripherals and allied products, components and consumables.
16. To carry on the business of developing, improving, designing, marketing, selling and licensing, hardware systems, software and program products of any and all description in India or abroad, establishing and operating data and information centers, IT City, Parks, Campus and bureaus and rendering services to customers by processing these jobs at data processing centers and giving out computer machine time with or without considerations, maintenance, repairs and reconditioning of computer data processing equipments, assisting, setting up, operating and supervising the operation of data processing departments of other organizations in India and abroad, advisers and consultants on all matters and problems relating to administration, organization, finance, management, personnel, commencement or expansion of industry and business, departments and services of Government, public or local authorities, trusts, scientific research and development centers, operating a high technology data processing center, management information, analysis, development and accounting information and providing data to corporate institutions individuals etc.
17. To establish, maintain, conduct, provide, procure or make available IT services of every kind including commercial, statistical, financial, accountancy, medical, IT, legal, management, educational, engineering, data processing communication and other services, which directly or indirectly, wholly or in part, may require any IT and IT enabled services or expertise.
B. To commence business as mentioned under the sub-clause no. 8, 9, 10, 11,12, 13, 14, 15, 16 & 17 of "Other Objects" clause of the Memorandum of Association of the Company subject to such sub clauses being inserted therein in compliance of 17 and 18 and other applicable provisions, if any, of the Companies Act, 1956.
The Company has appointed Mr. V P Kapoor, B.A., LLB., FCS, AICWA, Company Secretary in practice, New Delhi, as Scrutinizer, for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot forms duly completed should reach the Scrutinize on or before the close of working hours on July 09, 2007. The Scrutinizer will submit his report to the Chairman after completion of the scrutiny & the result of Postal Ballot will be announced on July 10, 2007.