REG - Federal Bank Ltd The - Annual Information Update

Fri Aug 10, 2012 6:35am EDT

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RNS Number : 7816J
Federal Bank Ltd (The)
10 August 2012
 



 

THE

FEDERAL BANK LTD

REG: OFFICE :ALWAYE

PB NO 103. KERALA                                                                         PHONE DIRECT  STD 0484/  2622263, FAX 2622283

INDIA   PIN 683 101                                                                         PBX 2623621 TO 2623629 EXT 327 & 362

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REF: SD/F-24/          /2012                                                        Secretarial Department

                                                                                                02 August,2012                                                                                                       

 

The  London Stock Exchange Ltd.

London

 

Dear Sir,

 

Reg. : 81st Annual General Meeting held on 02 August,2012

 

The shareholders in the 81st  Annual General Meeting held on 02 August,2012 have approved  the following  resolutions that were  indicated in the  notice to shareholders.

 

1.RESOLVED that the Audited Balance Sheet of the Bank as at 31 March 2012 and the Profit and Loss Account for the period ended on that date, together with the reports of the Board of Directors and the Auditors thereon be and the same are hereby received, considered and adopted.

 

2. RESOLVED that a dividend at the rate of 90%, on the paid-up capital be and is hereby declared for the year ended 31 March 2012 to be paid to the eligible shareholders of the Bank.

 

3.RESOLVED that Prof. Abraham Koshy,  who retires by rotation and being eligible for re-appointment be and is hereby re-appointed as a Director on the Board of Directors of the Bank liable to determination by retirement of directors by rotation on the Board of Directors of the Bank.

.

4.RESOLVED that  DR.M.Y.Khan, who retires by rotation and being eligible for re-appointment be and is hereby re-appointed as a Director on the Board of Directors of the Bank liable to determination by retirement of directors by rotation on the Board of Directors of the Bank.

.

 

5.RESOLVED that M/s. Deloitte Haskins & Sells, Chennai, M.P.Chitale & CO,Mumbai  Chartered Accountants be and are hereby appointed as Joint Central Statutory Auditors of the Bank for the financial year ending 31 March 2013, to hold office until the conclusion of the next Annual General Meeting of the Bank, as approved by  Reserve Bank Of India  and that the Board of Directors be and is hereby authorised to fix the auditor's remuneration for the purpose.

 

 

6..RESOLVED that the Board of Directors be and is hereby authorized to arrange for the audit of the Bank's branches for the accounting year 2012-13 and to appoint and fix the remuneration of branch auditors in consultation with the Central Statutory Auditors for the purpose.

 

 Yours faithfully,

 

COMPANY SECRETARY


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