Last checked at 24 May 2016 13:00
Dear Sir(s),
SUB: INTIMATION OF INCORPORATION OF A.TREDS LIMITED AS A SUBSIDIARY COMPANY
This is to inform you that the Bank has incorporated a Company, A.Treds Limited, which is registered with the Ministry of Corporate Affairs, Registrar of Companies, Mumbai, on 23rd May, 2016. The said Company is incorporated as a Subsidiary Company of the Bank.
A.Treds Limited will inter-alia be engaged to undertake the business of setting up and operating a Trade Receivables Discounting System, as per the in-principal approval received from the Reserve Bank of India.
You are requested to take note of above and arrange to bring it to the notice of all concerned.
Thanking You.
Yours sincerely,
For Axis Bank Limited
Girish V. Koliyote
Company Secretary