Amal Ltd 2013-14

Amal Ltd | Annual Report 2013-14 ‘RESOLVED THAT pursuant to Section 148 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014, the remuneration of ` 14,000/- plus service tax as applicable and reimbursement of actual travel and out of pocket expenses for the financial year ending March 31, 2015 as approved by the Board of Directors of the Company, to be paid to R. Nanabhoy & Co, Cost Accountants, for the conduct of the Cost Audit of the products in the category of Speciality Chemicals, be and is hereby ratified and confirmed.’ 8. To consider and, if thought fit, pass, with or without modifications, the following resolution as a Special Resolution: ‘RESOLVED that pursuant to the provisions of Section 180 (1) (a) of the Companies Act, 2013 and other applicable provisions, if any, for the time being in force and the Articles of Association of the Company, consent of the Company be and is hereby accorded to the Board of Directors (Board) to create mortgages and | or charges on all or any of the immovable and | or movable properties, the whole or substantially the whole undertaking or undertakings of the Company both present and future, wherever situated, on such terms and conditions as the Board may deem fit, for the purpose of business including for money borrowed | to be borrowed from lenders, banks, institutions, debenture holders and any other entity | authority.’ 9. To consider and, if thought fit, pass, with or without modifications, the following resolution as a Special Resolution: ‘RESOLVED that pursuant to the provisions of Section 180 (1) (c) and other applicable provisions, if any, of the Companies Act, 2013, and the Articles of Association of the Company, consent of the Company be and is hereby accorded to the Board of Directors (Board) to borrow moneys by way of loans, debentures or otherwise from time to time for the purposes of the business upon such terms and conditions as the Board may in its absolute discretion deem fit even if the moneys to be borrowed together with moneys already borrowed by the Company (apart from temporary loans obtained from the bankers of the Company in the ordinary course of business) may exceed the aggregate of the paid- up share capital and free reserves of the Company. PROVIDED however that the total amount of moneys so borrowed shall not exceed ` 25 crores over and above the paid–up share capital and free reserves.’ Notes 1. A Member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of himself | herself and the proxy need not be a Member. 2. Printed copies of the Balance Sheet, the Statement of Profit and Loss, the Directors’ Report, the Auditors’ Report and every other document required by law to be annexed or attached to the Balance Sheet for the year ending March 31, 2014 are annexed | attached. 3. The Register of Members and the Share Transfer Books of the Company will remain closed from July 01, 2014 to July 03, 2014 (both days inclusive). 4. The Members holding shares in electronic form may please note that instructions regarding change of address, nomination and power of attorney must be given directly to the Depository Participants (DPs). 5. The Members desirous of any information about the accounts of the Company are requested to write to the Company at least 7 days prior to the date of meeting so that required information can be made available at the meeting.