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Tuesday, March 29, 2011

Prime Industries Ltd: Result of Postal Ballot

Prime Industries Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority:

1. Creation of Charge under Section 293 (1) (a) of the Companies Act, 1956.

2. Increase in Borrowing powers under Section 293 (1) (d) of the Companies Act, 1956.

3. To give loans / investments / Corporate Guarantees under Section 372A of the Companies Act, 1956.

4. Change in Object Clause of the Company under Section 17 of the Companies Act, 1956.Read More

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