Held on 17 June 2014
SRS announced that the Board of Directors of the Company at its meeting held on 17 June 2014, inter alia, has taken the following decisions:-1. In terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company has fixed 20 June 2014 as the Cut Off date to record entitlement of the shareholders to cast their votes electronically at the 14th AGM of the Company.
Voting through electronic means shall commence on 21 July 2014 at 10.00 a.m. and shall end on July 23, 2014 at 6.00 p.m.
2. Changed the place of Registered Office to "SRS Tower, Unit No. 305 & 307, 3rd Floor, Near Metro Station Mewla Maharajpur, G. T. Road, Faridabad (NCR Delhi) - 121003".
3. Sunil Jindal has been re-appointed as Managing Director of the Company for a further period of Five (5) Years w.e.f. 01 July 2014 to June 30, 2019.
4. Raju Bansal has been reappointed as Whole-Time Director of the Company for a further period of Five (5) Years w.e.f. 01 July 2014 to June 30, 2019.
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5. Pursuant to the provisions of Section 149, 150, 152 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 and Clause 49 of the Listing Agreement, Anjali Trehan has been appointed as an additional (Independent) Director of the Company.
6. Pursuant to the provisions of Section 149, 150, 152 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 and Clause 49 of the Listing Agreement, Shiv Mohan Gupta, Praveen Gupta, Jogindar Lal Chhabra, Lalit Kumar and; Nishant Goel, have been appointed as Independent Directors of the Company, for five consecutive years from June 01, 2014 upto 31 May 2019, whose offices are not liable to retire by rotation.
7. Kailash Tayal, Independent Director, has resigned from the Directorship of the Company. The Board places on record its appreciation for the services rendered by Kailash Tayal during his tenure of Directorship.
8. Corporate Social Responsibility Committee has been constituted under Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014.
9. Investor's Service Committee has been renamed as "Stakeholders Relationship Committee" and Remuneration Committee has been renamed as "Nomination & Remuneration Committee" in compliance with the provisions of the Companies Act, 2013 and the Rules made thereunder.
10. The Audit Committee, Stakeholders' Relationship Committee and Nomination & Remuneration Committee have been reconstituted and their role, powers etc. have been redefined in accordance with the Companies Act, 2013 and the Rules made thereunder.
11. Sunil Jindal, Managing Director; Dr Navneet Kwatra, C.O.O. & Company Secretary and Bhagwan Dass, Chief Financial Officer have been designated as Key Managerial Personnel (KMP) in accordance with Section 203 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
12. To borrow money in excess of its paid-up capital and free reserves.
13. To invite & accept Public Deposits in accordance with Section 73-76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014, as amended from time to time.
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