Statutory Reports
Corporate Overview
69th Annual Report 2013-14
46
Financial Statements
12.
Invitation and Acceptance of Fixed Deposits from
the Members and Public
To consider and if thought fit, to pass with or without
modification, if any, the following resolution as a Special
Resolution:-
“RESOLVED THAT pursuant to the provisions of Sections 73 and
76 and other applicable provisions, if any, of the Companies
Act, 2013 (“Act”) and the Companies (Acceptance of Deposits)
Rules, 2014, the consent of the Members be and is hereby
accorded to the Board of Directors of the Company to invite
and accept fixed deposits from the public and Members,
within limits prescribed in the Act and the overall borrowing
limits of the Company, as approved by the Members, from
time to time.
“RESOLVED FURTHER that the Board of Directors or a
Committee thereof be and is hereby authorized to finalise the
scheme for invitation and acceptance of fixed deposits from
the Members and the public and to sign and execute deeds,
applications, documents and writings that may be required,
on behalf of the Company and generally to do all such other
acts, deeds, matters and things as may be necessary, proper,
expedient or incidental for giving effect to this Resolution.”
By Order of the Board of Directors
H K SETHNA
Company Secretary
Mumbai, May 29, 2014
Registered Office:
Bombay House, 24, Homi Mody Street, Mumbai 400 001
Tel: +91 22 6665 8282 Fax: +91 22 6665 7799
Email:
Website:
CIN - L28920MH1945PLC004520
NOTES:
a.
The relative Explanatory Statement pursuant to Section 102
of the Companies Act, 2013 (“Act”) in respect of the business
under Item Nos. 4 to 12 set out above and details as required
under Clause 49 of the Listing Agreement entered into
with the Stock Exchanges in respect of Directors seeking
appointment/re-appointment at this Annual General
Meeting are annexed hereto.
b.
A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO
APPOINT A PROXY TO ATTEND AND VOTE ON A POLL INSTEAD
OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER. The
instrument appointing Proxy as per the format included in the
Annual Report should be returned to the Registered Office of
the Company not less than FORTY-EIGHT HOURS before the
time for holding the Meeting. Proxies submitted on behalf of
limited companies, societies, partnership firms, etc. must be
supported by appropriate resolution/authority, as applicable,
issued by the member organization.
A person can act as a proxy on behalf of Members not
exceeding fifty and holding in the aggregate not more
than ten percent of the total share capital of the Company
carrying voting rights. A member holding more than ten
percent of the total share capital of the Company carrying
voting rights may appoint a single person as proxy and
such person shall not act as a proxy for any other person or
a Member.
c.
Corporate Members intending to send their authorised
representatives to attend the meeting are requested to send
to the Company, a certified copy of the Board Resolution
authorising their representative to attend and vote in their
behalf at the Meeting.
d.
Only registered Members (including the holders of ‘A’
Ordinary Shares) of the Company may attend and vote at
the Annual General Meeting. The holders of the American
Depositary Receipts (the ‘ADRs’) and Global Depositary
Receipts (the ‘GDRs’) of the Company shall not be entitled
to attend the said Annual General Meeting. However, the
ADR holders are entitled to give instructions for exercise of
voting rights at the said meeting through the Depositary, to
give or withhold such consents, to receive such notice or to
otherwise take action to exercise their rights with respect to
such underlying shares represented by each such American
Depositary Share. A brief statement as to the manner in
which such voting instructions may be given is being sent
to the ADR holders by the Depositary.
In any resolution at the Meeting put to vote by electronic
means/poll/ballot, each ‘A’ Ordinary Shareholder shall be
entitled to one vote for every ten ‘A’ Ordinary Shares held.
