General Discussion resolution

GENERAL DISCUSSION

OPTION 1: FOR NBFC COMPANIES

There being no other business to be transacted by the Board, the Chairman initiated discussion on the current  business status of the company with the Board.

He reviewed the status of application made with the RBI for registration. However, in order to meet   eligibility criterion, he continued, a minimum Net Owned Fund of Rs 25 Lacs had to be achieved.  He placed a statement showing the current Net Owned Fund of the Company. 

OPTION 2: FOR OTHER COMPANIES

The Chairman initiated discussion on the current business status of the Company with the Board. The Board actively discussed the measures required to be taken to improve the performance of the Company.

OPTION 3:

The Chairman stated that despite the efforts made by the Board, the Company was not able to capitalise the opportunities available and was not able to enlarge its area of operation.  The Board shared the concern of the Chairman.

OPTION 4:

There being no other business to transact, the Chairman initiated discussion on the current business status of the Company with the Board. During the discussion, several suggestions were made by the members to improve the working of the Company. No final decision was however taken by the          Board.

OPTION 5:

The Chairman apprised the Board about the performance of the               Company and its future plans.  The Board discussed the future plans of the Company and the difficulties being faced  by the Company. No final decision was however taken by the Board.                                                                    

OPTION 6:

The Chairman initiated discussion with the Board.  The Board had a detailed discussion on the possible avenues available to the Company for reviving its business.                         

OPTION 7:

The Chairman informed the Board about the steps being taken  to revive the Company. The Board appreciated the efforts of the  Chairman and took note of the same.                           

OPTION 8:

The Chairman apprised the Board about the performance of the         Company. The Board while taking note of the same advised the         Chairman to take immediate steps to prevent decline in the business of the Company.

OPTION 9:

There being no other business to transact, the Chairman initiated discussion on the current business status of the Company with the Board. During the discussion several suggestions were made by the members to improve the working of the Company. No final decision was however taken by the             Board.