| B. | SPECIAL BUSINESS : | |
| To consider and, if thought fit, to pass with or without modification(s), the following as Ordinary Resolutions : | ||
| 7. | "RESOLVED THAT in supersession of the earlier Resolution passed in this behalf, the consent of the Company be and is hereby accorded, under the provisions of Section 293(1)(d) of the Companies Act, 1956, to the Board of Directors of the Company, or any Committee thereof, to borrow from time to time all such sums of money as they may deem requisite for the purposes of the business of the Company notwithstanding that the money to be borrowed together with the money already borrowed (apart from temporary loans obtained from the Company's bankers in the ordinary course of business), exceed the aggregate of the paid up capital and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the aggregate of the sums so borrowed shall not exceed Rs. 6,000 Crore (Rupees Six Thousand Crore only) at any one point of time." | |
| 8. | "RESOLVED THAT in supersession of the earlier Resolution passed in this behalf and pursuant to the provisions of Section 293 (1)(a) and all other applicable provisions of the Companies Act, 1956, the consent of the Company be and is hereby accorded to the Board of Directors of the Company or any Committee thereof ("the Board"), to hypothecate, mortgage, create lien and/or other encumbrances in addition to the mortgages/charges etc. already created/to be created by the Company in such form and manner and with such ranking and at such time and on such terms on all or on any of the movable and/or immovable properties of the Company, both present and future, and/or on the whole or any part of the undertaking(s) of the Company as the Board may determine to secure the sum of money borrowed or to be borrowed aggregating to Rs. 6,000 Crore (Rupees Six Thousand Crore only) by the Company from Banks and other Institutions etc.; | |
| RESOLVED FURTHER that the Board (including any Director/Executive so authorised in this behalf) be and is hereby authorised to finalise and execute such agreements, deeds, documents, instruments and writings including, without limitation, Debenture Trust Deeds, Promissory Notes, Deposit Receipts, for creating the aforesaid mortgage and/or hypothecation, charge and other encumbrances, if any, by the Company and to do all such acts, deeds, and things as may be deemed necessary to give effect to this Resolution." | ||
