| AGM 07.09.2011
ING Vysya Bank Ltd has informed BSE that the 80th Annual General Meeting of the Bank will be held at The Auditorium, 'ING Vysya House', No. 22, M. C. Road, Bangalore - 560 001 on September 07, 2011, at 11.00 a.m. to transact the following business:
1. To receive, consider and adopt the Balance Sheet as at March 31, 201 1, Profit and Loss Account for the year ended on that date together with the Auditors? Report thereon and the Directors? Report attached thereto for that year
2. To declare a dividend on equity shares for the year ended March 31, 201 1.
3. To appoint a Director in place of Mr. Meleveetil Damodaran, who retires by rotation and being eligible, offers himself for re-appointment.
4. To appoint M/s. BSR & Co., Chartered Accountants, as statutory auditors of the Bank for the year 2011-12 as approved by Reserve Bank of India vide its letter dated 18-May-2011 to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Bank on a remuneration (including terms of payment) to be fixed by the Board of Directors of the Bank, plus service tax and such other tax(es), as may be applicable, and re-imbursement of out-of-pocket expenses in connection with the audit of the accounts of the Bank forthe year ending March 31, 2012.
5. To appoint Mr. Vikram Talwar as a Director of the Bank liable to retie by rotation.
6. To accord approval for payment of annual compensation to. Mr. Arun Thiagarajan, Part-time Chairman of the Bank for a period of three years from the date of his appointment as Part-time Chairman effective August 09, 2010.
7. To appoint Mr. Mark Edwin Newman as a Director of the Bank liable to retie by rotation.
8. To borrow money, from time to time, at its discretion on such terms and conditions as may be considered suitable by the Board of Directors up to a limit not exceeding an amount of four times of the aggregate of the paid up capital and free reserves of the Bank as at the end of the previous year not withstanding that the money to be borrowed together with the moneys already borrowed by the Bank (apart from temporary loans obtained from the Bank's bankers in the ordinary course of business), will exceed the aggregate of the paid on capital of the Bank and its free reserves, that is to say, reserves not set apart for any specific purpose, subject to necessary provisions and approvals.
(As Per BSE Announcement Website dated on 17.08.2011)
ING Vysya Bank Ltd has informed BSE that the members at the 80th Annual General Meeting (AGM) of the Bank held on September 07, 2011, inter alia, have approved the following business:
1. Adoption of the Audited Balance Sheet as on March 31, 2011, Profit & Loss Account for the year ended on that date together with the other documents attached therewith and forming part thereof, along with the AuditorsâÇÖ Report and the DirectorsâÇÖ Report attached thereto for the said year.
2. Declaration of Dividend at the rate of Rs. 3 per equity share for the year ended March 31, 2011.
3. Re-appointment of Mr. Meleveetil Damodaran as Director of the Bank, liable to retire by rotation.
4. Appointment of M/s BSE & CO, Chartered Accountants, as statutory auditor of the Bank for the year 2011-2 as approved by RBI in place of M/s. S R Batliboi & Co., Chartered Accountants, Kolkata, to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Bank on a remuneration, terms & conditions.
5. Appointment of Mr. Vikram Talwar as a Director of the Bank, liable to retire by rotation.
6. Accorded for the payment of annual compensation to Mr. Arun Thiagarajan, Part-time Chairman of the Rank for a period of three years from the date of his appointment as Part-time Chairman effective August 09, 2010, on necessary terms & conditions.
7. Mr. Philippe Dantas a Director, who retires by rotation at this Annual General Meeting and who has expressed his desire not to he re-appointed as a Director, be retired and be not re-appointed.
8. Appointment of Mr. Mark Edwin Newman as a Director of the Bank liable to retire by rotation.
9. Authority to the Board to borrow money, from time to time, at its discretion on such terms and conditions as may be considered suitable by the Board of Directors up to a limit not exceeding an amount of four times of the aggregate of the paid up capital and free reserves of the Bank as of the end of the previous year not withstanding that the money to be borrowed together with the moneys already borrowed by the Company (apart front temporary loans obtained from the CompanyâÇÖs bankers in the ordinary course of business), will exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 20.10.2011) |
| AGM 01/07/2010
ING Vysya Bank Ltd has informed BSE that the 79th Annual General Meeting (AGM) of the Bank was held on July 01, 2010, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as on March 31, 2010, Profit & Loss Account for the year ended on that date together with the other documents attached therewith and forming part thereof, along with the Auditors Report and the Directors Report threon.
2. Declaration of dividend at the rate of 25% (i.e. Rs.2.50/- per equity share of Rs.10/-) for the year ended March 31, 2010.
3. Re-appointment of Mr. Aditya Krishna, Mr. Santosh Ramesh Desai & Mr. Richard Cox as Directors of the Bank
4. Re-appointment of M/s. S R Batliboi & Co., Chartered Accountants, Kolkata, as Statutory Auditors of the Bank for the year 2010-11, in terms of approval of the Reserve Bank of India, vide its letter dated May 28, 2010 under Section 30(1A) of the Banking Regulation Act, 1949 and to hold office from the conclusion of the 79th Annual General Meeting till the conclusion of the next Annual General Meeting of the Bank under Section 224(1) of the Companies Act, 1956, on a
remuneration, terms & conditions.
5. Appointment of Mr. Peter Maria Staal as a Director of the Company liable to retire by rotation.
6. Authority to the Board to create, issue, offer or allot such number of stock options, to or for the benefit of such person or persons as are in the permanent employment of the Bank, including any Directors of the Company, whether whole-time or otherwise, as may be decided by the Board of Directors, at any time, as are convertible into not more than 1,15,00,000 equity shares of the Bank under an Employee Stock Option Scheme titled ESOS 2010, in one or more tranches and on such terms and conditions as the Board of Directors may decide; each stock option shall be convertible into one equity share (of a face value of Rs. 10/- per share) of the Bank, subject to necessary provisions & approvals.
7. Authority to the Board to create, issue, offer or allot such number of stock options, to or for the benefit of such person or persons as are in the permanent employment of any subsidiary companies or holding companies of the Bank including any Directors of the Companies, whether whole-time or otherwise, as may be decided by the Board of Directors, at any time, as are convertible into not more than 1,15,00,000 equity shares of the Bank under an Employee Stock Option Scheme titled ESOS 2010, in one or more tranches and on such terms and conditions as the Board of Directors may decide; each stock option shall be convertible into one equity share (of a face value of Rs. 10/- per share) of the Bank, subject to necessary provisions & approvals.
(As Per BSE Announcement Dated on 13.09.2010) |
| AGM 04/09/2009
ING Vysya Bank Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Bank held on September 04, 2009, inter alia, have approved all the items mentioned in the Notice particularly two special resolutions concerning the following:
1. Preferential allotment up to 10,794,301 Equity Shares to ING Mauritius Holdings and ING Mauritius Investments I.
2. The Qualified Institutions Placement up to 13,315,155 Equity Shares to Qualified Institutional Buyers.
The above issues are subject to compliance with applicable guidelines / regulations.
ING Vysya Bank Ltd has informed BSE that Mr. Ramakrishnan Subrarnanian, who was appointed as a Director in casual vacancy effective May 01, 2008, caused due to the resignation of Mr. Lars Kramer, was eligible to hold office upto the date upto which Mr. Kramer would have held office if he had not resigned, i.e. till the date of 78th AGM of the Bank.
Upon conclusion of the 78th AGM of the Bank on September 04, 2009, Mr. Ramkrishnan Subramanian ceased to be a Director of the Bank effective September 04, 2009 (AN).
(As Per BSE Announcement Dated on 04/09/2009)
ING Vysya Bank Ltd has informed BSE that subsequent to the approval accorded by the Shareholders of the Bank under Section 81(1A) and other applicable provisions of the Companies Act, 1956, at their Annual General Meeting held on September 04, 2009, authorizing the issuance of upto 133,15,155 Equity shares, the duly authorised Committee of the Board of Directors of the Bank has, at its meeting held on September 07, 2009 decided to make an issuance of upto 133,15,155 Equity shares of face value Rs. 10 each in the Bank, to make Qualified Institutions Placement with Qualified Institutional Buyers (QIBs) in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended and for this purpose, to open the issue. The Committee has also approved of a Preliminary Placement Document in respect of the Equity shares proposed to be issue as aforesaid.
(As per BSE Announcement Dated on 07.09.2009)
ING Vysya Bank Ltd has informed BSE that the members at the 78th Annual General Meeting (AGM) of the Bank held on September 04, 2009. inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as on March 31, 2009, Profit & Loss Account for the year ended on that date together with the other documents attached therewith and forming part thereof, along with the Auditors' Report and the Directors' Report attached thereto for the said year.
2. Declaration of dividend at the rate of Rs 2.00 per equity shares out of the current profits of the Bank for the year ended March 31, 2009.
3. Re-appointment of Mr. Philippe Damas, Mr. Wilfred Nagel, Mr. Arun Thiagarajan as Directors of the Bank, liable to retire by rotation.
4. Re-appointment of M/s. S R Batlioboi & Co., Chartered Accountants, Kolkata, as Statutory Auditors of the Bank for the year 2009-10, on remuneration, terms & conditions. Further passed resolution authorising the Board to appoint branch auditors, as and when required, in consultation with the statutory auditors, to audit the accounts of the Bank's branches / offices for the year ending March 31, 2010, on remuneration, terms & conditions.
5. Appointment of Mr. Meleveetil Damodaran as a Director of the Company, liable to retire by rotation.
6. Extension of the tenure of Mr. Vaughn Nigel Richtor as Managing Director and CEO of the Bank for a further period of two months effective February 07, 2009, on remuneration, terms & conditions.
7. Appointment of Mr. V Vaughen Nigel Richtor as a Director of the Company liable to retire by rotation.
8. Payment of remuneration to Mr. K R Ramamoorthy, Part-time Chairman of the Bank effective May 05, 2009 up to July 07, 2010, on necessary terms & conditions.
9. Further issue of Shares - Authority to the Board to create, offer, issue and allot (including with provisions for reservation on firm and / or competitive basis of such part of issue and for such categories of persons including employees of the Bank as may be permitted), with or without a green shoe option, either in India or in the course of international offering(s) in one or more foreign markets, such number of equity shares of the Bank ('Equity Shares'), Global Depository Receipts ('GDRs'), Foreign Currency Convertible Bonds ('FCCBs'), and / or any other financial instruments, convertible into Equity Shares (including warrants or otherwise in registered or bearer form) and / or any security convertible into Equity Shares and /or securities linked to Equity Shares and / or securities with or without detachable warrants with right exercisable by the warrant holders to convert or subscribe to Equity Shares including the issue and allotment of Equity Shares pursuant to a green shoe option, if any ('Securities') or any combination of Securities, in one or more tranches, whether Rupee denominated or denominated in foreign currency, public and / or private offerings and/or Qualified Institutions Placement and / or on preferential allotment basis or any combination thereof through issue of prospectus and / or placement document / or other permissible / requisite offer document, to any eligible person, including but not limited to Qualified Institutional Buyers (as defined by the SEBI DIP Guidelines), domestic / foreign investors / foreign institutional investors, non resident Indians, companies, body Corporates, trusts, mutual funds, banks, insurance companies, pension funds, individuals, venture capital funds, Indian or multilateral financial institutions, stabilizing agents, employees of the Bank, any other categories of investors, whether they be holders of Equity Shares ('Investors') as may be decided by the Board in its discretion and permitted under applicable laws and regulations by offering the Securities in one or more countries at such time or times, at such price or prices, at a discount or premium to market price or prices in such manner and on such terms and conditions including security, rate of interest etc., as may be deemed appropriate by the Board at its absolute discretion including the discretion to determine the categories of Investors to whom the offer, issue and allotment shall be made to the exclusion of other categories of Investors at the time of such offer, issue and allotment considering the prevailing market conditions and other relevant factors and wherever necessary in consultation with lead managers, underwriters, and / or other advisors, up to 2,41,09,456 Equity Shares or Securities equivalent thereto as may be determined by the Board, subject to necessary provisions & approvals.
10. Private Placement of Equity Shares to the Qualified Institutional Buyers: - Authority to the Board to offer, issue and allot upto 1,33,15,155 Equity Shares or Securities equivalent thereto, in one or more tranches, by way of Qualified Institutions Placement ('QIP') to Qualified Institutional Buyers ('QIBs'), whether or not such investors are existing members of the Bank and such Securities shall be fully paid up and the allotment of such Securities shall be completed within 12 (twelve) months from the date of the passing of the resolution by the Shareholders approving the proposed issue or such other time as may be allowed by the SEBI DIP Guidelines from time to time at a price not less than the price as determined in accordance with relevant provisions of SEBI DIP Guidelines and on such terms and conditions as may be deemed appropriate by the Board at its absolute discretion and wherever necessary in consultation with Lead Managers in accordance with the applicable laws, rules, regulations and guidelines prevailing in this regard, subject to necessary provisions & approvals.
11. Preferential allotment of Equity Shares to ING Group, Foreign Promoters: - Authority to the Board to, offer, issue and allot, in one or more tranches, by way of preferential issue, upto 1,07,94,301 Equity Shares in accordance with Chapter XIII of the SEBI DIP Guidelines to ING Mauritius Holdings and ING Mauritius Investments / on such terms and conditions as may be deemed appropriate by the Board at its absolute discretion and wherever necessary in consultation with Lead Managers in accordance with the applicable laws, rules, regulations and guidelines prevailing in this regard, subject to necessary provisions & approvals.
12. Appointment of Mr. Shailendra Bhandari as Managing Director & CEO of the Bank, on remuneration, terms & conditions.
(As Per BSE Announcement Dated on 04/11/2009) |