Satra Properties India Ltd has informed that the members of the Company will consider to approve by way of Postal Ballot the ordinary Resolution relating to Mortgage and / or create, charge, in addition to Mortgages / Charges created / to be created by the Company; in such form and manner and with such ranking and such time and on such terms as the Board may determine, on all or any of the movable and / or immovable properties of the Company.
Where over situated, both present and future and / or the whole or any part of the undertaking(s) of the Company of any nature and kind whatsoever and / or creating a floating charge in all or any immovable properties of the Company together with the powers to takeover the Management and business of the Company in certain events of the default, in favour of banks, financial institutions, the lender(s), Agent(s), Trustees(s) and others, to secure the present and future term loans / foreign currency loans / external commercial borrowings, etc.,availed / to be availed by the Company from time to time.
Within the limits approved under Section 231 (1) (d) of the Companies Act, 1956 (including any revision made by the Members from time to time) together with interest at their respective agreed interest rates, additional interest, compound interest, liquidated damages, commitment charges, premier on pre-payments, remuneration of the Agent(s)/ Trustees. premium (if any) or redemption, all other costs, charges and expenses, including any increase as a results of devaluation / revaluation, fluctuation in the rates of exchange and all the monies payable to the Company in terms of the Loan agreements / head of Agreements / Letters of sanction / memorandum of Terms and Conditions in respect of the said Loand.
Or any other documents, entered into/ to be entered into between the Company and the Lenders / Agents(s), Trustee(s) and Others, in respect of the same Loans / Borrowings and containing such specific terms and conditions and covenants in respects of enforcements of security as may stipulate in that behalf and agreed to between the Board of Directors or Committee thereof and the Lender(s) / Agent(s), Trustee(s), and others, subject to necessary provisions & approvals.
The Company has appointed Mr. Hemanshu Kapadia, 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 before the closing of business hours on January 08, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on January 14, 2009.
Where over situated, both present and future and / or the whole or any part of the undertaking(s) of the Company of any nature and kind whatsoever and / or creating a floating charge in all or any immovable properties of the Company together with the powers to takeover the Management and business of the Company in certain events of the default, in favour of banks, financial institutions, the lender(s), Agent(s), Trustees(s) and others, to secure the present and future term loans / foreign currency loans / external commercial borrowings, etc.,availed / to be availed by the Company from time to time.
Within the limits approved under Section 231 (1) (d) of the Companies Act, 1956 (including any revision made by the Members from time to time) together with interest at their respective agreed interest rates, additional interest, compound interest, liquidated damages, commitment charges, premier on pre-payments, remuneration of the Agent(s)/ Trustees. premium (if any) or redemption, all other costs, charges and expenses, including any increase as a results of devaluation / revaluation, fluctuation in the rates of exchange and all the monies payable to the Company in terms of the Loan agreements / head of Agreements / Letters of sanction / memorandum of Terms and Conditions in respect of the said Loand.
Or any other documents, entered into/ to be entered into between the Company and the Lenders / Agents(s), Trustee(s) and Others, in respect of the same Loans / Borrowings and containing such specific terms and conditions and covenants in respects of enforcements of security as may stipulate in that behalf and agreed to between the Board of Directors or Committee thereof and the Lender(s) / Agent(s), Trustee(s), and others, subject to necessary provisions & approvals.
The Company has appointed Mr. Hemanshu Kapadia, 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 before the closing of business hours on January 08, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on January 14, 2009.
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