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Outcome of Board Meeting

| Updated on January 16, 2012 Published on January 16, 2012

Mobile Tele Communications Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 14, 2012, has taken the following decisions:

1. Approved the proposal to carry on the business in the fields of E-Commerce, facilitating payment gateway, M-Commerce and Net-Commerce.

2. Approved the alteration of the Main Objects Clause of the Memorandum of Association by inserting new clause as Clause No. 1A after existing Clause. 1 of the Main Objects of Memorandum of Association and the commencement of new business relating to the above, pursuant to and in compliance with the provisions of Section 149 of the Companies Act, 1956.

3. Appointed a Committee consisting of Mr. Anil Vedmehta, Managing Director and Mr. Suhash Jadhav, Director to finalise the Postal Ballot Notice, for obtaining the shareholders approval to the Alteration of Objects Clause and to co-ordinate with the Scrutiniser(s) for the purpose of conducting the Postal Ballot process and take all appropriate steps to implement the above proposals.

Source : BSE - www.bseindia.com

Published on January 16, 2012
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