Held on 20 March 2017India Home Loan announced that the Board of Directors of the Company at their meeting held on 20 March 2017 transacted the following -
1. Granted approval to the Company to borrow money as per section 179 (3) (d) & section 180(1)( c) of the Act.
2. Recommended & approved increase in the managerial remuneration of Mahesh Pujara,MD, as per section 197 read with schedule V of the Act.
3. Recommended & approved increase in the managerial remuneration of Mitesh Pujara,WTD, as per section 197 read with schedule V of the Act.
4. Approved the record date & Notice for postal ballot for approving item no. 1,2 & 3 above.
5. Appointed Ulhas Shetty, of M/s. Ulhas Shetty & Co., Company Secretaries, as Scrutinizer for conducting the Postal Ballot procedure.
6. Took note of prepayment of term loan & authorised Director to file e-form with ROC, Mumbai.
7. Apprised w.r.t the business & operational matters.
8. Approved the Company to invest funds of the Company as per Section 179(3)(e) of the Act.
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