| ||Updates on Outcome of Board Meeting | 05/11/12 13:44|| |
| ||Globsyn Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2012, has transacted the following:|
- Pursuant to Section 192A and other applicable provisions, if any, of the Companies Act, 1956, and the Rules issued thereunder, approval of the Board be and is hereby accorded to seek the approval of the Members of the Company by means of Postal Ballot as per the provisions of the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 and the rules made thereunder for transfer of BankServe business of the Company to its Wholly Owned, Subsidiary (WOS) M/S. Ivision (India) Pvt. Ltd. , Increase in Authorised Capital of the Company, Change in name of the Company and that the draft of the notice together with the Explanatory Statement annexed thereto, placed before the board and initialed by the Chairman for identification, be and is hereby approved and that the said Notice along with the Explanatory Statement thereto be issued to the Members by Mr. Bikram Dasgupta, Director of the Company." (For more details kindly refer Corporate Announcements on www.bseindia.com).