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| Exchange Disseminated Time | Magnum Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 26, 2014, has
1. Appointed Mr. Pramod Kumar Jain as Chairman of the meeting.
2. Took note on Written Representation by the directors under Section 164(2) of the Companies Act, 2013.
3. Took note of the disclosure of interest by the directors under Section 184(1) of the Companies Act, 2013.
4. Took note of the declaration by Independent Directors under Section 144(7) of the Companies Act, 2013.
6. Considered and approved the matter for sale of surplus land of the Company in compliance with the Second Rework Package as approved by CDR-EG and Mr. Pradeep Kumar Jain, Managing Director, Abhey Kumar Jain, Whole Time Director and Mr. Praveen Kumar Jain, Director of the Company are severally authorized to sign, execute and submit the necessary document and to take necessary actions and proceedings for such sale.
7. Took note of the resignation of Mr. Anant Prakash as Company Secretary.
8. Appointed M/s A.D. Gupta, Fellow Institute of Actuaries of India as Actuarial Agency for valuation of Employee Benefits.
9. Appointed Mr. Sanjay Sharma as Chief Financial Officer of the Company.
10. Took note on establishment of Vigil Mechanism and constitute the Vigil Mechanism Committee in accordance with Section 177 read with Rule 7 of Companies (Meeting of Board & its Powers) Rules, 2014.
11. Appointed M/s Munish K. Sharma & Associates, Company Secretaries as Secretarial Auditors of the Company for the financial year 2013-14.
12. Appointed Mr. R.K. Sharma, as Internal Auditor of the Company for the financial year 2013-14.
13. Discussed and took note on the requirement under second proviso of Section 149 of the Companies Act, 2013 read with Rule 3 of Companies (Appointment and Qualification of Directors) Rules, 2014 regarding appointment of a Women Director on the Board of the Company and directors of the Company authorised to search a suitable candidate in this regard.
14. Discussed and took note on the requirement under Section 178 (1) of the Companies Act, 2013 regarding constitution of the ‘Nomination & Remuneration Committee’ and Board decided that the Company has already constituted Remuneration Committee and the name of such Committee shall be changes to ‘Nomination & Remuneration Committee’ with immediate effect to comply with the requirement of Companies Act, 2013.
Further, The Board discussed that the Company has already constituted Investors’ Grievances Committee to solve the complaints of investors of the Company and decided that such Committee shall also be known as Stakeholders Relationship Committee.
15. Discussed and took note on the requirement under Section 120 of the Companies Act, 2013 read with the Rule 27 of Companies (Management and Administration) Rules, 2014 regarding conversion and maintenance of documents in the electronic mode and directors of the Company authorized to take necessary steps in this regard. |
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