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| Exchange Disseminated Time 08/12/2016 14:26:08 | Geojit BNP Paribas Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 08, 2016, inter alia, has transacted the following;
1. Change of name
The Board proposed to change the name of the Company from "Geojit BNP Paribas Financial Services Limited" to "Geojit Financial Services Limited" or such other name as made available by Central Registration Centre, Ministry of Corporate Affairs, subject to the approval of members through Postal Ballot and other appropriate authorities.
2. Alteration of Memorandum of Association and Articles of Association
Consequent to the proposed change in name of the Company, the Board also propose to alter the Memorandum of Association (MOA) and to adopt a new set of Articles of Association (AOA) of the Company, subject to the approval of the members through Postal Ballot.
3. Appointment of Scrutinizer
The Board appointed Mr. Satheesh Kumar N, Practicing Company Secretary, Kochi as the Scrutinizer for the conduct of Postal Ballot in a fair and transparent manner.
4. Postal Ballot
Announced the Postal Ballot pursuant to Section 110 of the Companies Act, 2013 and adopted the calendar of events for the proposed Postal Ballot.
The change of name and alteration of Articles of Association is proposed in terms of restated Shareholders agreement dated January 22, 2016 and IP Termination Agreement dated April 19, 2016 entered between the Company, BNP Paribas SA, Its affiliates and initial promoters.
The Meeting of the Board of Directors commenced at 11.00 a.m. and concluded at 2.00 p.m. |
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