1 Jun 2009 08:30
RESOLUTIONS PASSED BY SHAREHOLDERS AT AGM HELD ON 1ST JUNE, 2009 - AXIS BANK
At the Annual General Meeting held today at Ahmedabad the following resolutions were passed by the shareholders of the Bank :
The payment of dividend @ Rs. 10/- per equity share i.e. 100% has been approved. The dividend warrants will be dated and payable from June 2, 2009.
Shri M. V. Subbiah and Shri Ramesh Ramanathan retired by rotation and were reappointed as Directors.
M/s S. R. Batliboi & Co. were reappointed as the Statutory Auditors of the Bank for the year 2009-10.
Resolution pertaining to the amendment in the Memorandum of Association of the Bank has been approved. [Removing the line "The Company shall have power to issue redeemable preference shares" from second para of Clause V (Capital Clause)].
Resolution pertaining to the alteration to the Articles of Association of the Bank in respect of separation of the post of Chairman and CEO into separate posts of i) Non-Executive Chairman and ii) Managing Director to be effective from 1st June, 2009 instead of 1st August, 2009 has been approved.
Axis Bank Regs (AXB)