| Cummins India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on September 09, 2011 at Hotel Le Meridien, Majestic II, 1st Floor, Raja Bahadur Mill Road, Pune 411001, at 10.30 a.m.,
inter alia, to transact the following Special Business;
1. The Authorised Share Capital of the Company be increased from Rs. 400,000,000 (Rupees Four Hundred Million) divided into 200,000,000 (Two Hundred Million) Equity Shares of Rs. 2/- each to
As. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each by creation of additional 200,000.000 (Two Hundred Million) Equity Shares of Rs. 2/- each.
2. The Companys Memorandum of Association (MOA) be amended by deleting the words 'The Share Capital of the Company will be As. 400,000,000 (Rupees Four Hundred Million) divided into 200,000,000 Equity Shares of As. 2 each' and substituting the words 'The Share Capital of the
Company will be Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each' in its place.
3. The Share Capital of the Company consists of Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each.
4. Granted to the Board of Directors of the Company, capitalize a sum of Rs. 158,400,000 (Rupees Fifteen Crores Eighty Four Lacs Only) standing to the credit of General Reserve Account of the Company and transfer the same to the Share Capital of the Company for the issue of fully paid
Bonus Shares of the face value of Rs. 2/- each, out of the Authorised Share Capital of the Company and that the same be distributed amongst the existing Members of the Company, whose names shall appear on the Company?s Register of Members and
records of the Depositories on such date (Record Date) as may be determined by the Board of Directors (Board) or the Official (s) authorised by the Board, in proportion of 2 such Bonus Equity Shares for 5 existing issued, subscribed and paid-up Equity Shares of the Company on the following terms and conditions.
Cummins India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 09, 2011, inter alia, have accorded to the following:
1. Approved increase in the Authorised Share Capital of the Company from Rs. 400,000,000 (Rupees Four Hundred Million) divided into 200,000,000 Equity Shares of Rs. 2/- each to Rs 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 Equity Shares of Rs. 2/- each.
2 Approved the consequent amendment to clause 5 of the Memorandum of Association of the Company to give effect to the above resolution. The amended clause stands as under:
'The Share Capital of the Company will be Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each'
3. Approved the consequent amendment to clause 3 of the Articles of Association of the Company, titled 'CAPITAL AND INCREASE AND REDUCTION IN CAPITAL'. The amended clause stands as under:
'3. The Share Capital of the Company consists of Rs. 800,000,000 (Rupees Eight Hundred Million) divided into 400,000,000 (Four Hundred Million) Equity Shares of Rs. 2/- each'
4. Approved issue of fully paid Bonus Equity Shares in ratio of 2:5 i.e. 2 Bonus Equity Shares for every 5 existing Equity Shares of the Company, by capitalization of reserves to the extent of Rs. 158,400,000 (Rupees Fifteen Crores Eighty Four Lacs Only).
(As Per BSE Annoncement Website Dated on 09/09/2011) |
| Cummins India Ltd has informed BSE that a Petition under Sections 391 and 394 of the Companies Act, 1956 for sanction of the Scheme of Amalgamation between Cummins Sales and Service India Ltd and Cummins Auto Services Ltd, (Transferor Companies), with Cummins India Ltd, (Transferee Company), was presented by Cummins India Ltd, the Petitioner Company on August 28, 2008 and admitted by this Hon'ble Court on the November 14, 2008 and the said Petition is fixed for hearing before the Hon'ble Judge taking Company matters on December 19, 2008 at 11 O'clock in the forenoon or soon thereafter. |
| Cummins India Ltd has informed BSE that pursuant to the order dated on June 20, 2008, the Court, has directed a Meeting of the equity shareholders of the Company will be held on July 24, 2008, for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement proposed in the Scheme of Amalgamation of Cummins Sales and Service India Ltd and Cummins Auto Services Ltd, the Transferor Companies with Cummins India Ltd, the Applicant Company.
Cummins India Ltd has informed BSE that the Shareholders of the Company at their General Meeting (court convened) held on July 24, 2008, have approved the Scheme of Amalgamation of Cummins Sales and Service India Ltd (CSS) and Cummins Auto Services Ltd (CASL) with the Company in accordance with Section 391 (2) of the Companies Act, 1956.
(As per BSE Announcement Website dated on 25/07/2008) |