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| Exchange Disseminated Time 08/02/2017 14:25:00 | Tata Chemicals Ltd has informed BSE that that the Board of Directors of the Company at its meeting held on February 08, 2017, inter alia, has transacted the following :
- Pursuant to Section 139 of the Companies Act, 2013 and Rules made thereunder, it is mandatory for the Company to rotate the current statutory auditors on completion of a maximum term permitted under the said Section.
Accordingly, on the proposal of the Audit Committee of the Company, the Board has, at its meeting held on February 08, 2017, recommended the appointment of BSR & Co., LLP, Chartered Accountants as the statutory auditors of the Company. BSR & Co. LLP will hold the office for a period of 5 (five) consecutive years from the conclusion of the 78th Annual General Meeting of the Company scheduled to be held in the year 2017 till the conclusion of the 83rd Annual General Meeting to be held in the year 2022, subject to the approval of shareholders of the Company. |
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