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| Exchange Disseminated Time 30/10/2015 20:17:49 | Asian Hotels (East) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2015, inter alia, has approved the following:
1. a proposal for seeking the approval of shareholders of the Company for passing special resolutions by postal ballot and remote e-voting authorizing payment of managerial remuneration to the Joint Managing Directors of the Company as per section 197 read with section II of Part II of Schedule V of the Companies Act, 2013 for a period of three (3) years from April 01, 2015 to March 31, 2018 in the event of loss or inadequacy of profit.
2. noted new listing regulations namely SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 to be made effective from December 01, 2015 and authorised the Chief Legal Officer & Company Secretary to take necessary actions to ensure compliance of the same
3. approved various policies of the Company pursuant to the new listing regulation. |
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