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ESSAR OIL LTD. - Decision to seek shareholders approval by postal ballot
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07 Oct 2014
Essar Oil Ltd has informed BSE that the Board of Directors of the Company has decided to seek the consent of the shareholders of the Company by way of postal ballot and e-voting for passing the special resolutions in connection with the following proposals&lt;br/&gt;&lt;br/&gt;1. Under section 180(1)(a) of the Companies Act, 2013 (Act) to continue with the existing authorisation to the Board to create security on assets of the Company for borrowing funds upto Rs. 50,000 crore and&lt;br/&gt;&lt;br/&gt;2. Under section 180(1)(c) of the Act to continue with the existing authorisation to the Board to borrow funds not exceeding Rs. 50,000 crore over and above the aggregate of the paid up share capital of the Company and its free reserves.
View all announcements for ESSAR OIL LTD. Source: BSE India