INDIANIVESH LTD. - Board recommends Final Dividend
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| 03 Jun 2014 | |
| IndiaNivesh Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, inter alia, have decided the following:<br/><br/>1. To declare final dividend @ 10% i.e. (Re. 0.10/- per Share) for the Financial Year 2013-14 subject to approval by the members.<br/><br/>2. To reconstitute various committees of the Board in accordance with the provisions of Companies Act, 2013 and Clause 49 of the Listing Agreement with Stock Exchange recently amended by the Securities and Exchange Board of India (SEBI) vide Circular dated April 17,2014.<br/><br/>3. To appoint Mr. Rajesh Nuwal, who is currently designated as Managing Director of the Company, as "Chief Financial Officer (CFO)" and shall be the Key Managerial Personnel pursuant to sections 2(51), 203 read with Chapter XIII and relevant rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and all other applicable provisions of the Companies Act, 2013.<br/><br/>4. To approve Vigil Mechanism Policy (Whistle Blower mechanism) for the Directors and employees of the Company as per the requirement of Section 177(9) of the Companies Act, 2013. | |
| View all announcements for INDIANIVESH LTD. | Source: BSE India |
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