Friday, January 24, 2014

Format of new explanatory statement mandated u/s 102 of the Companies Act, 2013 wef 12th Sep 2013


Note:

1.      A MEMBER ENTITLED TO ATTEND AND VOTE AT THE ABOVE MEETING IS ENTITLED TO APPOINT A PROXY AND SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY. PROXY, IN ORDER TO BE EFFECTIVE, SHOULD BE RECEIVED BY THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE MEETING.

2.      Shareholders are requested to immediately notify the Company of any change in their address.

3.      Explanatory Statement pursuant to the provisions of section 102 of the Companies Act, 2013 for material facts related to Special Business is annexed herewith.

 

Annexure to the Notice


Explanatory Statement pursuant to the provisions of Section 102 of the Companies Act, 2013 in respect of the special business


Item No. 1:

These Changes are in view with the change in main objects of the Company which has included in its fold the work to act as  business correspondent/business facilitator of scheduled commercial bank for fulfillment of Financial Inclusion Plan, to develop, market and make arrangement of bill collection of various Companies, Public Sector Enterprises and Corporates and other outfits; to develop, manage and market retail outlets for bill collection, commodity marketing, online ticketing, online tourism booking etc., prepaid mobile recharge and trading of various commodities.

It is most apt that the name of the Company should reflect the changed main object of the Company and hence the resolution for change of name is proposed.

The Registrar of Companies, West Bengal has confirmed vide their communication dated 12.11.2013, that the new name is available for registration under section 20 of the Companies Act, 1956, and subject to the resolution being passed, an application will be made to the Registrar of Companies for approval to the change of name under section 21 of the Act.

If the change of name is approved, the share certificates already issued will be called back and will be exchanged with the new one bearing the changed name. The old share certificates will be cancelled.
The nature of concern or interest, financial or otherwise of:

(i)                 Every director: No financial interest; the interest is only to the extent of shareholding because the directors are also the shareholders of the Company.
(ii)               KMP – Not Applicable.
(iii)             Relatives of the Directors: No interest, financial or otherwise.







It is to be noted that this resolution does not relate to or affects any other Company.

The Board recommends the passing of this resolution by way of special resolution.



Place:                                                                                 By order of the Board
Registered Office:

Date: 18.11.2013                    

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