REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
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10<br />
41st ANNUAL REPORT 2009-10<br />
82(3): Appointment of Directors who are liable to retire by rotation:<br />
The remaining Directors constituting 2/3rd of the Directors, whether whole time functional Directors or Part time official/ part time<br />
Non Official Directors will be appointed in the General Meeting, in accordance with the provisions of the Act. The Directors so<br />
appointed shall be liable to retire by rotation.<br />
Unquote<br />
with the following revised/amended Articles:-<br />
Quote<br />
82(2): Appointment of Vice Chairman/ Managing Director / other Directors:<br />
In addition to the Chairman/ Chairman and Managing Director, President may also appoint Vice Chairman/ Managing Director,<br />
whole time functional Director and other Directors in consultation with Chairman/ Chairman and Managing Director. No such<br />
consultation will however be necessary in case of appointment of Directors representing the Govt.<br />
82(3): Appointment of Directors who are liable to retire by rotation:<br />
Two-third (any fraction to be rounded off to the next number) Directors of the Company shall be persons whose period of office<br />
shall be liable to determination by rotation and save as otherwise expressly provided in the Act, be appointed by the company in<br />
General Meeting.<br />
Registered Office:<br />
Core-4, SCOPE Complex,<br />
7, Lodi Road,<br />
New Delhi-110003.<br />
Dated: 22nd July, 2010<br />
By order of the Board of Directors<br />
(B.R.Raghunandan)<br />
ED & Company Secretary<br />
NOTES:-<br />
1. A Member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote on a poll instead of himself/<br />
herself and such proxy need not be a Member of the Company. Proxies, in order to be effective, must be deposited at the Registered<br />
Office of the Company, not less than forty-eight hours before the commencement of the Annual General Meeting. Blank proxy form<br />
is enclosed.<br />
2. An Explanatory Statement pursuant to Section 173 of the Companies Act, 1956, relating to the Special Business to be transacted at<br />
the meeting is annexed hereto.<br />
3. As required by Clause 49 of the Listing Agreement entered into with the Stock Exchanges, the relevant details of Shri Venugopal N.<br />
Dhoot and Dr. Devi Singh, Directors retiring by rotation and seeking re-appointment under Item Nos. 3 and 4 of the Notice, in<br />
accordance with applicable provisions of the Articles of Association of the Company, are annexed. The tenures of Shri Venugopal N.<br />
Dhoot and Dr. Devi Singh are for a period of three years each w.e.f. 20th December, 2007 and 7th January 2008 respectively i.e. date of<br />
their appointment or until further orders from the Ministry of Power, whichever event occurs earlier.<br />
4. The Register of Members and Share Transfer Books of the Company will remain closed from August 26, 2010 to September 8, 2010<br />
(both days inclusive). The final dividend on equity shares, as recommended by the Board of Directors, subject to the provisions<br />
of Section 206A of the Companies Act, 1956, if approved by the members at the Annual General Meeting, will be paid on or after<br />
September 15, 2010 to the Members or their mandates whose names appear on the Company’s Register of Members on September<br />
8, 2010 in respect of physical shares. In respect of Dematerialised shares, the dividend will be payable to the “beneficial owners”<br />
of the shares whose name appear in the Statement of Beneficial Ownership furnished by National Securities Depository Limited<br />
and Central Depository Services (India) Limited at the close of business hours on August 25, 2010.