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| Exchange Disseminated Time | Scooters India Ltd has informed BSE that the members at the 36th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet of the Company as on March 31, 2008 and the Profit & Loss Account for the year ended on March 31, 2008 together with the reports of the Directors and Auditors thereon.
2. Appointment of Shri. P Muthusamy, Shri. S Chakraborty, Shri. P K Brahma, Shri. Vikram Gulati as Directors of the Company.
3. Approved the remuneration to the Statutory Auditors to be appointed by Comptroller & Auditor General of India (C&AG).
4. Appointment of Shri. Ajay Kumar as a Director of the Company.
Further resolved that, Appointment of Shri. Ajay Kumar as the Chairman cum-Managing Director of the Company for a term of 5 year till date his superannuation or until further orders whichever earlier, on remuneration terms & conditions.
5. Amendment in the article 116(3) of the Articles of Association of the company, be and is hereby, by way of deletion and replacement thereof by new Article 116(3) reading as under:
116(3) The fee payable to a Director (excluding a Managing Director or whole time Director, If any) for attending a meeting of the Board or Committee thereof, shall be such sum as the Board may from time to time determine in accordance with the provisions of the Act. The Director(s) appointed by the President, if he/they is/are an employee(s) of Govt. of India, he/they shall be paid according to Government Rules as prevailing in this regard. |
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