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b. the details of the remuneration paid by way of sitting fees to the non-executive directors including independent directors have been disclosed in the Annexure-4 of the Directors’ Report.
the detailed criteria of making payments to non-executive directors forms part of nomination and Remuneration policy of the Bank which is available on website of the Bank at https://www.ujjivansfb.in/corporate- governance-policies.
STATUTORY REPORTS
19. generalmeetingSOfmemBerS
a. Details of the last three Annual General Meetings are as follows:
Sr. no.
financial year
Date and Time
location
Special Resolution passed
1. 2016-17
2. 2017-18
3. 2018-19
July 31, 2017 @ 01.00 p.M.
June 18, 2018 @ 11.30 A.M.
July 12, 2019 @11.30 A.M.
Registered office
Registered office
Registered office
To approve the revision in the remuneration of
the Managing Director and Chief executive officer (“MD & Ceo”) of the Bank for FY 2017-18 subject to the approval of the Reserve Bank of India.
None
None
b. During FY 2019-20, 3 (three) extraordinary General Meetings of the members of the Bank were held on following dates:
Date of meeting
Special Resolution passed
April 26, 2019
August 03, 2019
november 08, 2019
1 Alteration of capital clause of the Memorandum of Association of the Bank.
1. Issue of equity shares by way of Initial public offer.
2. To adopt new Articles of Association.
3. to approve ujjivan Small Finance Bank employee Stock purchase Scheme 2019 (“eSpS 2019”) and Issue and Allotment of shares to eligible employees of the Bank.
4. to approve allotment of shares to the employees of present and future subsidiary company (ies) and/or holding company (ies), if any, under ujjivan Small Finance Bank employee Stock purchase Scheme 2019 (“ESPS 2019”).
5. To increase investment limits for Foreign Portfolio Investor.
6. To increase investment limits for Non-Resident Indians.
1. to Issue and allotment of equity shares by way of preferential issue on private placement basis.
2. To increase investment limits for Non- Resident Indians.
c. no resolution was passed through postal ballot during FY 2019-20.
20. meanSOfcOmmunicatiOn
the Board has been approving the quarterly financial results within 45 days of the end of respective quarter and the audited annual financial results for the quarter and financial year ended March 31 within 60 days from the end of the financial year. the results are promptly forwarded to the stock exchanges and are published in one english and one Hindi (regional language) newspaper normally in Financial express (All editions) and Jansatta (Delhi/All editions) within 48 hours of the conclusion of the Board meeting. the results as well as other press releases and presentations made to institutional investors or to the analysts are simultaneously displayed on the Bank’s website at https://www.ujjivansfb.in.
Pursuant to SEBI dispensation for newspaper publication, due to the COVID-19 pandemic, no newspaper publication of audited financial results for the quarter and financial year ended on March 31, 2020 was done.
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