Sundaram Clayton Ltd has informed that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:
1. To alter the objects clause of the memorandum of association, namely clause III be and is hereby amended, by including sub-clause 3A after the existing sub-clause 3 in the manner as set out hereunder:Clause 3A
To carry on the business of designers, developers, manufacturers, distributors, sellers and dealers in all types of internal combustion engines, including oil and petrol engines, diesel engines, engines operating on hybrid power, on gas, turbines, for use as stationary engines or in all kinds of automobiles, including tractors, earthmovers and all kinds of off-highway vehicles, and also for stationary applications, and to buy, sell, repair, convert, alter, export, import, let on hire all types of Internal combustion engines.
2. To commence the business activities as specified in sub-clause 3A of clause Ill of the memorandum of association of the Company, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. K Sriram, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer not later than on December 05, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by Mr. Venu Srinivasan, Managing Director of the Company, as Chairman in terms of article 148 of the Articles of Association of the Company or in his absence any person authorised by the Chairman on December 09, 2008.
1. To alter the objects clause of the memorandum of association, namely clause III be and is hereby amended, by including sub-clause 3A after the existing sub-clause 3 in the manner as set out hereunder:Clause 3A
To carry on the business of designers, developers, manufacturers, distributors, sellers and dealers in all types of internal combustion engines, including oil and petrol engines, diesel engines, engines operating on hybrid power, on gas, turbines, for use as stationary engines or in all kinds of automobiles, including tractors, earthmovers and all kinds of off-highway vehicles, and also for stationary applications, and to buy, sell, repair, convert, alter, export, import, let on hire all types of Internal combustion engines.
2. To commence the business activities as specified in sub-clause 3A of clause Ill of the memorandum of association of the Company, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. K Sriram, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer not later than on December 05, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by Mr. Venu Srinivasan, Managing Director of the Company, as Chairman in terms of article 148 of the Articles of Association of the Company or in his absence any person authorised by the Chairman on December 09, 2008.
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