20 September 2011
Use and modify this resolution accordingly:
AUTHORISATION FOR EXECUTING INTER-CORPORATE INVESTMENT
The Board was apprised of the need to obtain unanimous approval of the Board of Directors to make any Inter Corporate Investment under section 372A of the Companies Act, 1956 and to authorise someone to execute and sign the necessary subscription/transfer deed and/or other documents as may be required to give effect to the above mentioned inter corporate transaction. Hence the following resolution was passed unanimously:
“RESOLVED THAT pursuant to Section 372A of the Companies Act, 1956 the Company do purchase/ acquire 10,000 Equity Shares of Rs. 100/- each at a premium of Rs. 400/- each of Turner Recreations Pvt. Ltd.
RESOLVED FURTHER THAT Mr. Rajesh sharma, Director of the Company or Mr. Gulab Singh, VP Accounts & Finance be and are hereby severally authorized to execute and sign the necessary subscription/transfer deed and/or other documents as may be required to get shares in the name of the company and to do all such acts and things as may be necessary and expedient to give effect to the above resolution, on behalf of the company.
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