Board of Kirloskar Industries to seek shareholders approval to act as Registered CIC

Kirloskar Industries announced that presently, the Company is an unregistered Core Investment Company (CIC), which cannot access the public funds.

For carrying out the activities of the Company as a Registered CIC and accessing the public funds, the Board of Directors has approved to conduct Postal Ballot pursuant to the provisions of Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies ( Management and Administration) Rules, 2014, for seeking approval of the members of the Company for alteration of Main Object Clause by insertion of new Clause related to carrying out the activities of the Company as a Registered CIC.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link