Century Enka Ltd has informed that the members at the 42nd Annual General Meeting (AGM) of the Company held on June 28, 2008, inter alia, have accorded to the following:
1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2008 together with the Reports of the Auditors and the Directors.
2. Declaration of dividend at the rate of Rs 5.00 per Equity Share of Rs 10.00 each in the Company for the year ended March 31, 2008.
3. Re-appointment of Mr. B K Birla & Mr. V Dixit as Directors of the Company.
4। Re-appointment of M/s। Price Waterhouse, Chartered Accountants, Kolkata as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions।
5. Authorised to pay remuneration by way of commission to its Directors (including Alternate Directors), resident in India, other than the Directors in the whole-time employment of the Company in respect of each of the Five financial years commencing from the April 1, 2008 subject to an overall ceiling 1% of the net profits of the Company for that financial year computed in accordance with the provisions of Section 198 of the Companies Act, 1956 or Rs 20 Lacs (Rupees Twenty lacs only) in aggregate, whichever is lower.
6. Appointment and remuneration of Mr. G M Singhvi, the Whole-time Director of the Company. on necessary terms & conditions.
1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2008 together with the Reports of the Auditors and the Directors.
2. Declaration of dividend at the rate of Rs 5.00 per Equity Share of Rs 10.00 each in the Company for the year ended March 31, 2008.
3. Re-appointment of Mr. B K Birla & Mr. V Dixit as Directors of the Company.
4। Re-appointment of M/s। Price Waterhouse, Chartered Accountants, Kolkata as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions।
5. Authorised to pay remuneration by way of commission to its Directors (including Alternate Directors), resident in India, other than the Directors in the whole-time employment of the Company in respect of each of the Five financial years commencing from the April 1, 2008 subject to an overall ceiling 1% of the net profits of the Company for that financial year computed in accordance with the provisions of Section 198 of the Companies Act, 1956 or Rs 20 Lacs (Rupees Twenty lacs only) in aggregate, whichever is lower.
6. Appointment and remuneration of Mr. G M Singhvi, the Whole-time Director of the Company. on necessary terms & conditions.
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