12/20/2023 0 Comments Rbi next meeting 2015Remuneration last drawn (if applicable).Details of remuneration sought to be paid.Inter-se relationship with other directors or KMP of the company.Memberships in Board committees of other companies.Number of meetings of the Board attended during the year.The following information shall be stated in the explanatory statement annexed to the notice of the General Meeting on the appointment of a director for shareholder’s approval:.The appointment of Independent Director shall be approved at the General Meeting of the Shareholders and the explanatory statement annexed to the notice of the Meeting called to consider the said appointment shall indicate the justification for choosing the appointee for appointment as Independent Director.10 crore or more or in a body corporate listed in a stock exchange. An Individual who has served for a period of minimum 10 years as a Director or Key Managerial Personnel (KMP) in an unlisted public company having a paid-up share capital of Rs.An Individual who has served for a period not less than 10 years as a Director or Key Managerial Personnel (KMP) in a listed public company.The following individuals are exempted from the passing the Test:.Such individual is also required to pass an Online Proficiency Self-Assessment Test as conducted by the Institute within a period of one year from the date of inclusion of his name in the databank. Pursuant to Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, a person who has been appointed as an Independent Director and who intends to get appointed as an Independent Director shall before such appointment apply to the Indian Institute of Corporate Affairs for inclusion of his name in the Databank.A person to be appointed as an Independent Director shall satisfy the conditions as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (LODR) Regulations, 2015.Where a company ceases to fulfil any of three conditions as specified above for three consecutive years, it shall not be required to comply with these provisions until such time as it meets any of such conditions.The Provisions pertaining to Independent Directors as specified under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are elaborated below: Independent Directors are non-executive Directors who do not have any material or pecuniary relationship with the Company. (BRBNMPL) and transferred to Asset Development Fund (ADF).Independent Directors – Companies Act, 2013 and SEBI (LODR) Regulations, 2015 It did not transfer any amount to Contingency Fund (CF).Ī provision of Rs 1,000 crore was made for additional capital contribution in Bharatiya Reserve Bank Note Mudran Representing a marginal decline of 0.03 percent. The bank transferred an overall surplus of Rs 65,876 crore during the year as against Rs 65,896 crore in 2014-15, Percent primarily due to provision made for reimbursing service tax on agency commission paid to agency banks. It said, while income for the year 2015-16 increased marginally by 2.04 percent, expenditure increased by 12.23 "The increase on the asset side was due to increase in foreign investments and domestic investments by 7.98 percent and 35.64 percent, respectively, and on the liability side due to increase in notes in circulation and other liabilities and provisions by 15.92 percent and 14.77 perdocent, respectively," RBI said in its annual report for 2015-16 released on Monday.ĭuring the period, domestic assets constituted 24.59 percent while the foreign currency assets and gold (including gold held in the country) constituted 75.41 percent of total assets as against 21.86 percent and 78.14 percent, respectively, as on June 30, 2015.
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