MoU24 Apr 2024, 01:30 am
Automobile Corporation of Goa Limited Announces Approval of MOA Amendments to Pursue New Business Opportunities
AI Summary
Automobile Corporation of Goa Limited (ACGL) has announced the approval of amendments to its Memorandum of Association (MOA) through a Special Resolution. The changes aim to provide ACGL with the flexibility to explore new business opportunities within the existing framework, encouraging growth and innovation. The amendments include the addition of clauses for technology consultancy, operating as a technology licensor, conducting research and development, and establishing subsidiaries or joint ventures.
Key Highlights
- Shareholders approve amendments to ACGL MOA
- New business opportunities for ACGL with updated MOA
- Technology consultancy and licensing activities added to business scope
- Research and development activities to be explored
- Subsidiary companies or joint ventures to be established