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BANK OF MAHARASHTRA - Outcome of Board Meeting
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14 May 2015
Bank of Maharashtra has informed BSE that the Board of Directors of the Company at its meeting held on May 14. 2015, inter alia, have decided as under:&lt;BR&gt;&lt;BR&gt;1. The Board has also approved to fill the vacancy of Shareholder Director on the Board, by election in the Twelfth Annual General Meeting of shareholders. May 29, 2015 is fixed as the Specified Date for the purpose of ascertaining the shareholders entitled to participate in the election i.e. to Nominate, Contest and Vote for the election of one Director representing the shareholders of the Bank, (other than the Central Government) pursuant to Section 9(3) (i) of The Banking Companies (Acquisition &amp; Transfer of Undertaking) Act, 1970 read with The Banking Regulation Act 1949, The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 and The Bank of Maharashtra (Shares &amp; Meetings) Regulations, 2004 as amended from time to time, Notifications of Reserve Bank of India dated November 01, 2007 and May 23, 2011 and criteria laid down by Government for consideration as Non-Official Directors of Public Sector Banks as notified on March 25, 2015.&lt;BR&gt;&lt;BR&gt;2. The Board of Directors has approved raising equity capital in aggregate upto Rs. 800 Crore by way of Preferential Allotment or by way of Preferential Allotment or by way of QIP/FPO / Rights, etc. in terms of extent SEBI (ICDR) Regulations, 2009 and as per any other applicable Act/Regulatory/Statutory Guidelines in this regard, subject to requisite shareholders approval.
View all announcements for BANK OF MAHARASHTRA Source: BSE India