Claris Lifesciences Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 05, 2016, inter alia, has also proposed to seek approval of the Shareholders through Postal Ballot (including e-voting) process for following matters:<BR><BR>1. To comply with the regulations of the Companies Act, 2013 by replacing existing set of Articles of Association of the Company with a new set of Articles of Association to amend it in accordance with the Companies Act, 2013.<BR><BR>2. To continue complying with requirements of Section 186, to take approval for limits for giving loans/to give guarantees/providing securities/ making investments by the Company not exceeding Rs. 1500 Crores over and above the limits prescribed under Sections 186(2) of the Companies Act, 2013 and rules thereunder;
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