Zylog Systems has informed that a meeting of the Board of Directors of the Company will be held on April 17, 2015, to consider, deliberate, discuss & decide on the proposal of filing of Scheme of Arrangement U/s 391-394 of the Companies Act, 1956 with the secured creditors/lenders & other creditors of the Company for rehabilitation of Company.
Zylog Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 17, 2015, to transact the following business:1. To Consider, deliberate, discuss & decide on the proposal of filing of Scheme of Arrangement U/s 391-394 of the Companies Act, 1956 with the secured creditors/lenders & other creditors of the Company for rehabilitation of Company before the Hon'ble High Court subject to approval of stock exchanges, banks and others wherever necessary.2. To appoint solicitors, advisors and consultants for the said arrangement & rehabilitation of the Company.3. To authorize Mr. Ramanujam Sesharathnam, Managing Director of the Company to take necessary steps and to do all such acts and deeds on behalf of the Company for giving effect to the scheme of arrangement.Source : BSE
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