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Unanimous Consent of Board of Directors

The following items require approval by a resolution passed at a meeting of the Board with the consent of all the directors present at the meeting, subject to a specific notice has been given to all the directors then in India:

(1) Section 316 - NUMBER OF COMPANIES OF WHICH ONE PERSON MAY BE APPOINTED MANAGING DIRECTOR
(2) Section 372 - PURCHASE BY COMPANY OF SHARES, ETC., OF OTHER COMPANIES
(3) Section 372A - INTER-CORPORATE LOANS AND INVESTMENTS
(4) Section 386 - NUMBER OF COMPANIES OF WHICH A PERSON MAY BE APPOINTED MANAGER

The above Sections relate to the Companies Act 1956.

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