Ansal Properties board gives approval to accept FDs from shareholders, public

Ansal Properties & Infrastructure Ltd has announced that the Directors of the Company have approved the following proposals by way of passing Resolution/s by Circulation dated the April 02, 2015

Apr 04, 2015 03:04 IST India Infoline News Service

Ansal Properties & Infrastructure Ltd has announced that the Directors of the Company have approved the following proposals by way of passing Resolution/s by Circulation dated the April 02, 2015, in terms of Section 175 of the Companies Act, 2013 read with Article no. 132 of Articles of Association of the Company:-
accepting fresh Fixed Deposits from members {shareholders} of the Company and public in terms of applicable provisions of the Companies Act 2013.
providing Corporate Guarantee and/or providing securities of the Company upto Rs. 470 crores (Rupees four hundred seventy crores only) and interest etc. on behalf of M/s Ansal Phalak Infrastructure Private Limited in terms of applicable provisions of the Companies Act 2013 and listing agreement.

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