Annual Report 2006-2007 - Gammon India
Annual Report 2006-2007 - Gammon India
Annual Report 2006-2007 - Gammon India
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GAMMON INDIA LIMITED<br />
(c) Resolutions Passed by Postal Ballot during <strong>2006</strong>-07<br />
(1) Special Resolution: 84 th AGM held on 26 th September, <strong>2006</strong>. Approval of the Members sought pursuant<br />
to Section 372A of the Companies Act, 1956 for making loans, Investments, giving guarantees etc. to<br />
various bodies corporate and for ratification of the issue of Counter/Corporate Guarantees issued by<br />
the Company on behalf of other body Corporate. Mr. Haresh B. Purohit of M/s. Chaitanya C. Dalal &<br />
Co., Chartered Accountants was appointed as the Scrutinizer for conducting the Postal Ballot process.<br />
The details of voting pattern are as under :<br />
Particulars No. of votes cast % of total votes cast<br />
In favour of the Resolution 2,46,06,415 99.82<br />
Against the Resolution 45,508 0.18<br />
Total 2,46,51,923 100<br />
The Resolution was passed by requisite majority.<br />
(2) Special Resolution: Approval of the Members sought pursuant to Section 372A of the Companies Act,<br />
1956 for making Loans, Investments, giving guarantees etc. to various bodies corporate. Mr. Chaitanya<br />
Dalal of M/s. Chaitanya C. Dalal & Co., Chartered Accountants was appointed as the Scrutinizer for<br />
conducting the Postal Ballot process. The details of voting pattern are as under :<br />
Particulars No. of votes cast % of total votes cast<br />
In favour of the Resolution 2,88,56,271 99.98<br />
Against the Resolution 5,089 0.02<br />
Total 2,88,61,360 100<br />
The Results of the Postal Ballot were declared on 27 th March, <strong>2007</strong>. The Resolution was passed by<br />
requisite majority.<br />
(d) Special Resolution proposed to be conducted through postal ballot at the ensuing AGM<br />
At the ensuing AGM the following resolutions are proposed to be conducted through Postal Ballot:<br />
(a) for making of loans, investments, giving guarantees etc. to various bodies corporate pursuant to<br />
Section 372A of the Companies Act, 1956.<br />
(b) For alteration of the Object Clause of the Memorandum pursuant to Section 17 of the Companies Act,<br />
1956.<br />
(c) For according consent to the Board for mortgaging and/or charging movable and immovable<br />
properties of the company and sale of whole or substantially whole of any of the undertaking of the<br />
Company pursuant to Section 293(1)(a) of the Companies Act, 1956.<br />
Procedure for Conducting Postal Ballot<br />
After receiving the approval of the Board of Directors, Notice of the General Meeting containing text of<br />
the Resolution and Explanatory Statement to be passed through postal ballot, Postal ballot Form and<br />
self addressed postage pre-paid envelopes are sent to the shareholders to enable them to consider and<br />
vote for or against the proposal within a period of 30 days from the date of dispatch. The calendar of<br />
events containing the activity chart is filed with the Registrar of Companies within 7 days of the passing<br />
of the Resolution by the Board of Directors. After the last date of receipt of ballots, the Scrutinizer, after<br />
due verification, submits the result to the Chairman. Thereafter, the Chairman declares the result of the<br />
postal ballot and the same are published in one English newspaper and also posted on the Company’s<br />
website.<br />
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