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Outcome of board meeting of Newever Trade Wings

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Capital Market
Last Updated : Aug 27 2014 | 2:02 PM IST

Held on 26 August 2014

Newever Trade Wings announced that the Board of Directors of the Company at its meeting held on 26 August 2014, inter alia, have considered the following :

1. Considered appointment of M/s. D.K. Chhajer & Co., Chartered Accountants, as Statutory Auditors of the Company in place of K.N. Jain & Co., Chartered Accountants, subject to approval of the members of the Company at the ensuing Annual General Meeting, for the Financial Year 2014-15 in compliance with the provisions of Section 139 of Companies Act, 2013 read with Companies (Audit & Auditors) Rules, 2014.

2. Considered appointment of Kousik Brahma as Chief Financial Officer of the Company with effect from 01 August 2014, subject to the approval of members at the ensuing Annua General Meeting, in terms of Section 203 of the Companies Act, 2013 read with rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

3. Considered appointment of Purnima Maity, as an additional, Non-Executive Director in terms of provisions of Section 149 (1) & 161 (1) of the Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014, with effect from August 26, 2014, to hold office upto the date of ensuing Annual General Meeting.

4. Took on record the certificate from the CFO regarding truth and fairness of the financial statements for the year ended 31 March 2014 and the matters stated therein pursuant to Clause 52 of the SME Listing Agreement.

5. Approved the conversion and maintenance of documents in the electronic mode in accordance with the requirement of Section 120 of the Companies Act, 2013 read with Rule 27 & 28 of Companies (Management and Administration) Rules, 2014.

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First Published: Aug 27 2014 | 1:05 PM IST

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