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| Exchange Disseminated Time | GIC Housing Finance Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on July 27, 2010, inter alia, have accorded to the following:
1. Adoption of the Directors' Report, Audited Statement of Accounts of the Company and the Auditor's Report for the year 2009-10.
2. Declared a dividend of 45% on the paid up equity capital for the year 2009-10.
3. Re-appointed Shri. M. Ramadoss, Shri. M. Ramaprasad & Shri. Javed Yunus as Directors of the Company liable to retire by rotation from the conclusion of this Annual General Meeting.
4. Re-appointed M/s. Contractor, Nayak & Kishnadwala, Chartered Accountants, Mumbai, as Auditors of the Company to hold the office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on such remuneration as mutually agreed upon by the Board of Directors and the Auditors.
5. Appointed Dr. R. K. Kaul, as a Director of the Company, liable to retire by rotation.
6. To re-appoint Shri. M. Sivaraman as Managing Director on and from November 01, 2009 to August 31, 2011 or up to his extended period of deputation if any at the remuneration he is entitled to in accordance with the Service Regulation applicable to General Manager cadre of United India Insurance Company Ltd with an modifications, revisions, thereof, if any that might take place from time to time and also performance linked incentive if any approved by the Remuneration Committee and Board subject to ceiling limits prescribed by Schedule XIII of the Companies Act, 1956. |
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