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| Exchange Disseminated Time | Tourism Finance Corporation of India Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 13, 2011, inter alia, have approved the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2011, the Profit & Loss Account for the financial year ended on that date together with the reports of the Directors’ and Auditors’ thereon, on remuneration, terms & conditions.
2. Declaration of dividend for the financial year 2010-2011 at the rate of 12% i.e. Rs. 1.20 on the 1 Equity Shares of Rs. 10/- each.
3. Re-appointment of Shri Sujit K. Mandal, as a Director of the Company, liable to retire by rotation.
4. Re-appointment of Shri R. R. Rai, as a Director of the Company, liable to retire by rotation.
5. Re-appointment of Shri Vivek Nair, as a Director of the Company, liable to retire by rotation.
6. Appointment of M/s. S. S. Kothari & Associates, Chartered Accountants, as Statutory Auditors or the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions.
7. Re-appointment of Shri Javad Yunus, as a Director of the Company, liable to retire by rotation.
8. Appointment of Shri Shivendra Tomar, as Chief Executive Director of the Company for a period of years w.e.f. July 03, 2011 and his re-designation as Managing Director of the Company w.e.f. July 01, 2011, on remuneration, terms & conditions.
9. Smt. Archana Capoor, removed from her office of Director of the Company. |
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