Bemco Hydraulics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2014, inter alia, also transacted the following:
- The Board also decided to obtain members consent through special resolutions in terms of section 180(1)(c) and 180(1)(a) and of the Companies Act, 2014 to increase in borrowing limits of the Board of Directors to Rs. 50 crores and authorization to the Board of Directors to create charges on assets and properties of the Company for an equal amount through postal ballot in terms of section 110 of the Companies Act, 2013 read with rule 22 of the Companies (Management & Administration) Rules 2014.