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| Exchange Disseminated Time | With reference to the earlier announcement regarding convening of Extraordinary General Meeting (EGM) of Shareholders on January 10, 2013 for election of one Director from amongst the Shareholders, other than Central Government, Bank of Maharashtra has now informed BSE that in response to the said notice of EGM, the bank received following one valid nomination as against the vacancy of one shareholder Director in terms of Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
- Name of the Candidate : Shri Rajkumar Agrawal
In pursuance of the Regulations 66 of the Bank of Maharashtra (Shares and Meetings) Regulations, 2004, since the Bank had one vacancy of Director to be filled in from amongst the Shareholders, other than Central Government, and only one valid nomination was received, the candidate nominated as above, is deemed to have been elected to assume the office of the Shareholder Director w.e.f. December 28, 2012 and his term of office will be upto January 31, 2014.
In view of the above, the Extraordinary General Meeting of the Shareholders of the Bank Scheduled to be held on January 10, 2013 for the purpose of the aforesaid election stands CANCELLED. |
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