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SUBSEQUENT RESOLUTIONS

This query is : Resolved 

23 December 2008 I HAVE PASSED ONE BOARD RESOLUTION FOR PRIVATE PLACEMENT IN SHARES OF OTHER COMPANY IN JAN 2006

DO I HAVE TO PASS THE SAME AGAIN AND AGAIN WHEN IN AM APPLYING FOR PRIVATE PLACEMENT

PLEASE CLARIFY.

23 December 2008 Mr Sumit

U can go through the section 292(1) (d) of the companies act 1956.. It says u can give blanket approval specifying the amount to the Board. Other wise u should give specific approval again and again..

rgs

Vivek



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