Inca Finlease approves sub-division of share from Rs 10 to Rs 2 each
Inca Finlease at its meeting held on January 15, 2011 has approved sub-division of share from Rs 10 to Rs 2 each.
January 17, 2011 / 19:02 IST
Inca Finlease Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2011, inter alia, have accorded their approval for the following:
1. Sub-division of the existing equity shares of the Company of Rs. 10/- each into Rs. 2/- each, subject to the approval of the shareholders.
2. Increase in Authorised Share Capital of the Company from Rs. 3.25 Crores to Rs. 5.00 Crores.
3. Raising the funds upto Rs. 10 Crores by way of issue of Convertible Warrants/ Bonds on Preferential basis to Promoters and Non-Promoters subject to necessary regulatory approvals.
4. Change of name of the Company from "INCA FINLEASE LTD" to "VISAGAR FINANCIAL SERVICES LTD".
5. Appointment of Mr. Dhananjay Pathak as an Additional Executive Director of the Company w.e.f. January 15, 2011.
6. Appointment of Mr. Tilokchand Kothari as an Additional Director of the Company w.e.f. January 15, 2011.
7. Alteration of Memorandum and Articles of Association for :-
i. Sub-Division of face value of Equity Shares of the Company from Rs. 10/- each into Rs. 2/- each.
ii. Increase in Authorised Capital of the Company from Rs. 3.25 Crores to Rs. 5 Crores.
iii. Change of name of the Company from "INCA FINLEASE LTD" to "VISAGAR FINANCIAL SERVICES LTD".
iv. Inserting new article for passing of resolution by Postal Ballot; and
8. Approval of the draft of the Notice of the Extraordinary General Meeting of the shareholders of the Company to be held on February 8, 2011 for considering the business as set out in the Notice.
9. To open branches in different locations for providing advisory services. | | Source : BSE |
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