Cineline India Ltd has informed BSE that the Board of Directors of the Company has approved the following Circulation resolutions passed on December 09, 2013:<br/><br/>1. Revision in remuneration to Mr. Rasesh B. Kanakia, Chairman of the Company.<br/><br/>2. Revision in remuneration to Mr. Himanshu B. Kanakia, Managing Director of the Company.<br/><br/>3. Borrow money in excess of paid capital and free reserve of the Company up to Rs. 100 Crore.<br/><br/>4. Appointment of Mr. Dharmesh Zaveri, practicing company secretary as scrutinizer.<br/><br/>5. Draft Postal Ballot Notice pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of resolution by Postal Ballot) Rules, 2011 for above said businesses.
|