Mayuri Lal (officer CS) (748 Points)
20 November 2010Dear Members,
Board Meeting is to be hels on 4th december for PREFERENTIAL ALLOTMENT...Now when to send the intimation to teh Stock Exchanges for Board meeting on 4th december...
Please guide me
Regards,
Mayuri Lal
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 20 November 2010
Hi
In Listing Agreement , there is no minimum time limit for intimation to STX for preferential allotment. Read clause 19(a) of Listing Agrremnt:
19a) The Issuer will notify NSE at least 2 working days in advance of the date of the meeting of its Board of Directors at which the recommendation or declaration of a dividend or convertible debentures or of debentures carrying a right to subscribe to equity shares or the passing over of the dividend or the issue of right is due to be considered and will recommend or declare all dividend and/or cash bonuses at least five days before commencement of the closure of its transfer books or the record date fixed for the purpose.
b) The Issuer will give notice simultaneously to NSE in case the proposal for declaration of bonus is communicated to its Board of Directors as part of the agenda. No prior intimation is required about the Board Meeting in case the declaration of Bonus by the company is not on the agenda of the Board Meeting.
c) The Issuers are also required to send the information in the format which is given in Schedule IV by e-mail (cmlist @ nse.co.in)
d) The Issuer shall be required to give prior notice of at least 2 working days to the stock exchanges about the Board meetings at which the proposal for Buy Back of Securities is to be considered.
e) In case of a further public offer to be made through the fixed price route, the company shall notify the Stock Exchange, at least 48 hours in advance, of the proposed meeting of its Board of Directors convened for determination of issue price.
20. The Issuer will, immediately after the meeting of its Board of Directors has been held to consider or decide the same, intimate to the Stock Exchanges where the company is listed, (within 15 minutes of the closure of the board meeting) by phone, fax, telegram, e-mail (cmlist @ nse.co.in):
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 20 November 2010
Regarding Board Meeting you have to intimate atleast 7 days before board meeting and also send the outcome of board meeting after board meeting.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 20 November 2010
Under clause 19 it is not specifically provided. But you should give prior intimation to the SE at least 2 working days in advance, it is good corporate governance practice.
Further, before issuing any shares you need inprincipal approval of the SE under clause 24(a) of the Listing Agreement.
Further, you have to, immediately on the date of the meeting of Board of Directors held to consider or decide the same, intimate to the Exchange within 15 minutes of the closure of the Board Meeting by Letter / Fax..... short particulars of the same.
Mayuri Lal
(officer CS)
(748 Points)
Replied 20 November 2010
Thank u members..
so 7 clear days wud be excluding the date of intimation and date of board meetin in my case wud be 24th November..???????????
Mayuri Lal
(officer CS)
(748 Points)
Replied 20 November 2010
Dear Members,
I have a confusion now ..its 2 days OR 7 days... i read Clause 19 its 2 days
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 20 November 2010
Yes in listing agreement 2 days mentioned but its for our convenant so there may not be any hurry before the due date.
Mayuri Lal
(officer CS)
(748 Points)
Replied 20 November 2010
ok...
bkoz in BSE listing agreement it is 7 days...so which one shud i follwow
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 20 November 2010
| Originally posted by : CS Ankur Srivastava | ||
 |
Under clause 19 it is not specifically provided. But you should give prior intimation to the SE at least 2 working days in advance, it is good corporate governance practice. |
 |
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 20 November 2010
In BSE it also 2 days mentioned. so follow that one.
Mayuri Lal
(officer CS)
(748 Points)
Replied 22 November 2010
yes sir... i checked again that day..n its 2 days only...thank u
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