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MFL India - Outcome of Board Meeting

By Religare
|

MFL India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2015, inter alia, has approved the following;

1. The Board considered the re-appointment of Mr. Sudhir Kumar Sharma, Mr. Devendra Manchanda and Mr. Palkuzhil Verghese Mohan as an Independent Directors/ Director.

2. Re-Appointment of M/s Am & Associates. Chartered Accountants as the Statutory Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of next Annual General Meeting of the Company.

3. The Board considered the matter to make alteration in the object clause of Memorandum of Association.

4. The Board decided to increase borrowing power from 250 crores to 500 crores.

5. That Shareholder approve for extension of Remuneration of Director Mr. Ani Thukral and Mrs. Sheetal Thukral.

6. The Board decided to increase the Authorised Share Capital from 37,00,00,000 (Rupees Thirty Seven Crore) to 51,00,00,000 (Rupees Fifty One Crore).

7. 21 days clear notice has been issued to the Shareholder for the AGM.

8. The Board decided to appoint Mr. Nitin Grover, Practicing Company Secretaries as the scrutinizers for the e-voting process.















Story first published: Monday, September 7, 2015, 23:00 [IST]
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