Shree Nath Commercial & Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2010, inter alia, has considered and approved the following:
1. The Director Board approved the appointment of Mr. Girraj Kishor Agrawal, as Whole Time Director of the Company.
2. The Board discussed and approved the appointment of M/s. Pravin Chandak & Associates, Chartered Accountants, as the statutory Auditor of the Company, in place of Mr. Manoj Kumar Sharma, who resigns due to preoccupation, subject to the approval of Members at Annual General Meeting.
3. The Board discussed and approved the insertion of clause in Articles of Association for Sub division of share. And decided to subdivide the Face value of the shares from Rs. 10/- to Rs. 1/- per share.
4. The Board approved to keep the documents like Register of Members, Index of Members etc. with Share Transfer Agent.
5. The Board discussed and approved the insertion of clause in Articles of Association for Buy Back of Shares & Securities.
6. The Board discussed and approved the insertion of Object clause to Generate Power as other object, and also decided to do Postal Ballot for this purpose.
7. The Board discussed the progress of ROCGURU.COM,. new portal being developed by the Company for compliance related to Companies Act matter and Registration and Online filing with Income Tax / Service Tax Authorities.