Shriram Asset Management Company Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on December 21, 2007, inter alia, have passed the following resolutions:
1. Adoption of the Audited Balance Sheet of the Company as at June 30, 2007 and the Profit and Loss Account for the financial year ended on that the date together with the Reports of Directors, Auditors, Cash Flow Statement and Corporate Governance thereon.
2. Re-appointment of Mr. R Narayanan & Mr. S Rajaratnam as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. K S Aiyar & Co., Chartered Accountants, Mumbai as the Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company on a remuneration, terms & conditions.
4. Appointment of Mr. R Sundara Rajan as Managing Director of the Company not liable to retire by rotation for a period of two years commencing from April 01, 2007 without any remuneration payable.
5. Authorised to invest such further sum, which is in excess of the limits specified under Section 372A of the Act in Central Government Securities, PSU Bonds, State Government Securities, State Level Undertakings Bonds, Units of Mutual Funds, warrants, shares (whether equity, debentures or otherwise) or and other instruments whether convertible or non-convertible, redeemable or non-redeemable subject to a maximum investment of Rs 900,00,000/- (Rupees Nine Crores) outstanding at any given time, subject to necessary provisions & approvals.
1. Adoption of the Audited Balance Sheet of the Company as at June 30, 2007 and the Profit and Loss Account for the financial year ended on that the date together with the Reports of Directors, Auditors, Cash Flow Statement and Corporate Governance thereon.
2. Re-appointment of Mr. R Narayanan & Mr. S Rajaratnam as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. K S Aiyar & Co., Chartered Accountants, Mumbai as the Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company on a remuneration, terms & conditions.
4. Appointment of Mr. R Sundara Rajan as Managing Director of the Company not liable to retire by rotation for a period of two years commencing from April 01, 2007 without any remuneration payable.
5. Authorised to invest such further sum, which is in excess of the limits specified under Section 372A of the Act in Central Government Securities, PSU Bonds, State Government Securities, State Level Undertakings Bonds, Units of Mutual Funds, warrants, shares (whether equity, debentures or otherwise) or and other instruments whether convertible or non-convertible, redeemable or non-redeemable subject to a maximum investment of Rs 900,00,000/- (Rupees Nine Crores) outstanding at any given time, subject to necessary provisions & approvals.
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