Forbes & Company Ltd has announcedthat the members of the Company, by way of Postal allot, have approved the following relating to the transfer of the Undertaking of Business Automation Group of the Company which is engaged in the business of trading in Office Automation products including Electronic Cash Registers, Note Counting machines, Point-of-sale machines, MICR encoders, Billing Printers, Plastic Cards etc to one of the subsidiaries of the Company by way of sale or otherwise at such consideration and with effect from such date as the Board of Directors of the Company may think fit and that the Board of Directors of the Company (which shall include a Committee of Directors constituted for the purpose), with requisite majority.