Held on 30 May 2014
IndiaNivesh announced that the Board of Directors of the Company at its meeting held on 30 May 2014, inter alia, have decided the following:To reconstitute various committees of the Board in accordance with the provisions of Companies Act, 2013 and Clause 49 of the Listing Agreement with Stock Exchange recently amended by the Securities and Exchange Board of India (SEBI) vide Circular dated 17 April 2014.
To appoint Rajesh Nuwal, who is currently designated as Managing Director of the Company, as "Chief Financial Officer (CFO)" and shall be the Key Managerial Personnel pursuant to sections 2(51), 203 read with Chapter XIII and relevant rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and all other applicable provisions of the Companies Act, 2013.
To approve Vigil Mechanism Policy (Whistle Blower mechanism) for the Directors and employees of the Company as per the requirement of Section 177(9) of the Companies Act, 2013.
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