Gemini Communication Ltd has informed that the Board of Directors of the Company at its meeting held on October 22, 2008, inter alia, has transacted the following business:
1. The Board of Directors approved, subject to approval of members, to amend / insert the clause in the articles of association of Company as 46 1 after Clause 46 under the heading of Buy back of shares / Securities in accordance with 77A, 77AA and 77 B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998.
2. The Board of Directors decided to buy back of up to 10% equity shares capital and reserve of the Company.
3. The Directors decided to send a separate intimation after getting approval from shareholders for the proposal of buy back of its own shares.
1. The Board of Directors approved, subject to approval of members, to amend / insert the clause in the articles of association of Company as 46 1 after Clause 46 under the heading of Buy back of shares / Securities in accordance with 77A, 77AA and 77 B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998.
2. The Board of Directors decided to buy back of up to 10% equity shares capital and reserve of the Company.
3. The Directors decided to send a separate intimation after getting approval from shareholders for the proposal of buy back of its own shares.
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