Sec. 49(5) (c) - Investment of company held in the name of depository - Board Resolution;

Sec. 49(5) (c) - Investment of company held in the name of depository - Board Resolution;

WHEREAS the company is holding 1,50,00 equity shares of Rs. 100/- each of Tata Salt Co. Ltd. as a beneficial owner;

AND WHEREAS the name of the company is mentioned in the records of the depository, National Securities Depository Limited as the beneficial owner;

NOW THEREFORE it is resolved that the said securities held by the company be held in the name of the aforementioned depository in the register of members of that other company.