Saturday, August 9, 2008

Transport Corporation : Outcome Of AGM - Aug 09 , 2008

Transport Corporation of India Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on July 29, 2008, inter alia, have accorded to the following:

1. Adoption of the Audited Profit & Loss Account and the Balance Sheet together with the Report of the Directors & Auditors thereon for the year ended March 31, 2008.

2. Declaration of Final Dividend @ 15% (Re 0.30 per share of Rs 2/- each) for the F.Y. 2007-08.

3. Re-appointment of Mr. S N Agarwal & Mr. S M Datta, as Directors of the Company, liable to retire by rotation.

4. Appointment of M/s. R S Agarwala & Co., Chartered Accountants, Kolkata as Auditors of the Company from the conclusion of this meeting to the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.

5. Appointment of M/s. K B Chitracar & Co., Chartered Accountants, Kathmandu, as Branch Auditors for auditing the accounts of all the branches of the Company situated in Royal Kingdom of Nepal for the year 2008-09 and to hold office till the conclusion of the Next Annual General Meeting of the Company on remuneration, terms & conditions.

6. Appointment of M/s. Natarajan & Swaminathan, Certified Public Accountants, Singapore, as Branch Auditors for auditing the accounts of all the branches of the Company situated in Singapore for the year 2008-09 and to hold office till the conclusion of the Next Annual General Meeting of the Company on remuneration, terms & conditions.

7. Appointment of M/s. R S Agarwala & Co., Chartered Accountants, Bangalore, as Branch Auditors for TCI Division of the Company for auditing the accounts for the year 2008-09 and to hold office till conclusion of the Next Annual General Meeting of the Company on remuneration, terms & conditions.

8. Re-appointment of Mr. R V Raghavan, as a Director of the Company.

9. Re-appointment of Mr. D P Agarwal, as Vice Chairman & Managing Director of the Company for a further period of five years effective from August 01, 2008 on remuneration, terms and conditions.

10. Re-appointment of Mr. Vineet Agarwal and Chander Agarwal, as Executive Directors of the Company for a further period of five years effective from July 01, 2008, on remuneration, terms and conditions.

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