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Max Heights Infrastructure announced that the Board of Directors of the Company at its meeting held on 30 May 2014, inter alia, has transacted the following :
1. The Board approved the proposal for increase in the Authorised Share Capital of the Company.
2. The Board approved the proposal for preferential issue of shares under Section 62(1)(c) & Section 42 of the Companies Act, 2013 read with the rules made thereunder and SEBI (ICDR) Regulation, 2009. Further the Board has decided to call for atleast 5% of the total consideration of the preferential issue from the proposed allottees and the same shall be kept in a separate Bank Account.
3. The Board approved the proposal of conducting the Extra-Ordinary General Meeting on 25 June 2014 to obtain the approval of the members for the following purposes:
- Increase in the Authorised Share Capital of the Company;
- Preferential issue of shares under Section 62(1)(c) & Section 42 of the Companies Act, 2013 read with the rules made thereunder and SEBI (ICDR) Regulation, 2009. Further the Board has decided to call for atleast 5% of the total consideration of the preferential issue from the proposed allottees and the same shall be kept in a separate Bank Account.
- Appointment of Naveen Narang as the Managing Director of the Company w.e.f. 07 February 2014.
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