Held on 06 August 2014
Kesar Enterprises announced that the Board of Directors of the Company at its meeting held on 06 August 2014, inter alia, :1. Taken on record approval received from Registrar of Companies, Mumbai for extension of Financial Year by furthers months upto 31 December 2014 i.e. for 18 months period.
2. Decided to conduct the Postal Ballot process under Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014 for obtaining the approval of the members of the Company by Special Resolution on matters relating to:
(i) Creation of Charge on the assets of the Company under Section 180(1)(a)
(ii) Borrowing Powers of the Company under Section 180(1)(c)
(iii) Loans and investments under Section 186
(iv) Adoption of new Articles of Association of the Company containing regulations in conformity with the Companies Act, 2013 - Section 14
3. Designated Rohit Balu, General Manager (Accounts & Taxation) as Chief Financial Officer.
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