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LML LTD. - Outcome of Board Meeting - Code of Conduct of Fair Disclosure
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29 May 2015
LML Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2015, inter alia, has transacted the following:&lt;BR&gt;&lt;BR&gt;1. The following Directors have been re-appointed/ approved to be regularized on the Board of the Company:&lt;BR&gt;&lt;BR&gt;- Pursuant to the Section 161 of the Companies Act, 2013, Board has approved to regularize Mr. Santoshkumar Shivshanker Shukla and Mrs. Ritu Schimar Dhingra appointed as Additional Directors (Independent) for 5 years w.e.f. September 23, 2014, in the Board meeting held on that date, subject to approval of shareholders in ensuing Annual General Meeting of the Company.&lt;BR&gt;&lt;BR&gt;- Mr. Lalit Kumar Singhania and Mr. Anurag Kumar Singhania Whole-time Directors of the Company have been proposed to be re-appointed, subject to necessary approvals for their further term of 3 years each w.e.f. March 28, 2016 &amp; June 28, 2016 respectively.&lt;BR&gt;&lt;BR&gt;2. Pursuant to Section 139 of the Companies Act, 2013, Board has approved ratification of following Statutory Auditors, subject to approval of shareholders in ensuing Annual General Meeting of the Company:&lt;BR&gt;&lt;BR&gt;- M/s. Khandelwal Jain &amp; Co., Chartered Accountants for next 2 years i.e. upto FY 2016-17;&lt;BR&gt;&lt;BR&gt;- M/s. Parikh &amp; Jain, Chartered Accountants for next 1 year i.e. upto FY 2015-16.&lt;BR&gt;&lt;BR&gt;3. Pursuant to Section 138 of the Companies Act, 2013, Board has approved reappointment of M/s. Onkar Tandon &amp; Co., Chartered Accountants, as Internal Auditors of the Company for FY 2015-16;&lt;BR&gt;&lt;BR&gt;4. Pursuant to Section 204 of the Companies Act, 2013, Board has approved appointment of M/s Adesh Tandon &amp; Co., Practicing Company Secretaries, as Secretarial Auditors of the Company for FY 2015-16.&lt;BR&gt;&lt;BR&gt;5. The Board has approved and adopted Code of Practices and Procedures for Fair Disclosures of unpublished price sensitive information and Code of Conduct to regulate, monitor and report trading by Insiders as prescribed under SEBI (Prohibition of Insider Trading) Regulations, 2015. Further, as per Regulation 8 (2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Code of Practices and Procedures for Fair Disclosures of unpublished price sensitive information is attached herewith.
View all announcements for LML LTD. Source: BSE India