Outcome of Board Meeting (Calendar of Events for Postal Ballot)

Galaxy Entertainment Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2015, inter alia, has transacted the following:

1. Appointed Mr. Sharad Rustagi as an Independent Director w.e.f. August 11, 2015.

2. Re-constituted Audit Committee of the Board by inducting Mr. Sharad Rustagi, an Independent Director.

3. Approved calendar of events as enclosed herewith in Annexure - 1 for passing resolutions by way of postal ballot in the matters of the following -

• Borrovvdng Powers of the Board in pursuance of Section 180(1)(c) of the Companies Act, 2013.

• Creation of Charges on the Company’s properties in pursuance of Section 180(1)(a) of the Companies Act, 2013.

• Giving of Loans/Guarantees, Providing of securities and making of investments in securities in pursuance of Section 186 of the Companies Act, 2013.

• Disinvestment of subsidiary companies in pursuance of Section 180 (1) (a) of the Companies Act, 2013.

Pdf Link: >Outcome of Board Meeting (Calendar of Events for Postal Ballot)

Source : BSE - >www.bseindia.com

Published on August 11, 2015
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