You are here » Home » Companies » Company Overview » Alps Motor Finance Ltd

Alps Motor Finance Ltd.

BSE: 538423 Sector: Financials
NSE: N.A. ISIN Code: INE729P01022
BSE LIVE 11:56 | 02 Dec 56.00 0
(0.00%)
OPEN

56.00

HIGH

56.00

LOW

56.00

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 56.00
PREVIOUS CLOSE 56.00
VOLUME 1
52-Week high 63.00
52-Week low 38.85
P/E 5600.00
Mkt Cap.(Rs cr) 562.80
Buy Price 0.00
Buy Qty 0.00
Sell Price 56.00
Sell Qty 99.00
OPEN 56.00
CLOSE 56.00
VOLUME 1
52-Week high 63.00
52-Week low 38.85
P/E 5600.00
Mkt Cap.(Rs cr) 562.80
Buy Price 0.00
Buy Qty 0.00
Sell Price 56.00
Sell Qty 99.00

Alps Motor Finance Ltd. (ALPSMOTORFIN) - Chairman Speech

Company chairman speech

NOTICE is hereby given that the 28th ANNUAL GENERAL MEETING of the Members of ALPSMOTOR FINANCE LIMITED will be held on Tuesday the 29th Day of September 2015 at 9:30A.M. at Retreat Motel/Resort Alipur Main G.T. Road Near Palla Mod Delhi -110036 totransact the following business:

ORDINARY BUSINESS:-

1. To receive consider and adopt the audited Balance sheet of the Company as at March31 2015 the statement Profit & Loss Account Cash Flow Statement for the year endedon that date and the Reports of Directors and Auditor's thereon.

2. To appoint M/s. Manoj Raj and Associates Chartered Accountants (FirmRegistration number 017373N) as Statutory Auditors of the Company to hold office fromthe conclusion of this Annual General Meeting till conclusion of six Annual GeneralMeeting and to authorize the Board to fix their remuneration.

SPECIAL BUSINESS:

3. To appoint Mr. Akash (DIN: 06973609) as Director and in this regard toconsider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

"RESOLVED THAT Mr. Akash (DIN: 06973609) who was co-opted as an AdditionalDirector on the board of the company with effect from 16th May 2015 and who ceases tohold the office at this Annual General Meeting and in respect of whom a notice undersection 160 of the Companies Act 2013 has been received from a member along withrequisite deposit proposing his candidature for the office of a Director on the Board ofthe Company be and is hereby appointed as a director on the Board liable to retire byrotation."

4. To appoint Mr. Suneel Kumar (DIN: 07135321) as an Independent Director and inthis regard to consider and if thought fit to pass with or without modification(s) thefollowing resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Section 160 149 152 and allother applicable provisions and Schedule IV to the Companies Act 2013 the Companies(Appointment the Companies (Appointment and Qualifications of Directors) Rules 2014 asmay be amended from time to time and the Listing Agreement Mr. Suneel Kumar (DIN:07135321) who was appointed as an Additional Director with effect from 30thMarch2015 be and is hereby appointed as an Independent Director of the Company to holdoffice for a term of five consecutive years commencing from 30th March 2015."

5. To appoint Mr. Sushil kumar (DIN: 07100214) as an Independent Director and inthis regard to consider and if thought fit to pass with or without modification(s) thefollowing resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Section 160 149 152 and allother applicable provisions and Schedule IV to the Companies Act 2013 the Companies(Appointment the Companies (Appointment and Qualifications of Directors) Rules 2014 asmay be amended from time to time and the Listing Agreement Mr. Sushil kumar (DIN:07100214) who was appointed as an Additional Director with effect from 17thFebruary2015 be and is hereby appointed as an Independent Director of the Company tohold office for a term of five consecutive years commencing from 17th February2015."

6. To consider and if thought fit to pass with or without modification the followingresolution as an Ordinary Resolution for appointment of Ms. Sunila Sabharwal (DIN:02340208)as Director of the Company.

"RESOLVED THAT Ms. Sunila Sabharwal (DIN: 02340208) who was co-opted asan Additional Director on the board of the company with effect from 20th March 2015 andwho ceases to hold the office at this Annual General Meeting and in respect of whom anotice under section 160 of the Companies Act 2013 has been received from a member alongwith requisite deposit proposing her candidature for the office of a Director on the Boardof the Company be and is hereby appointed as a director on the Board liable to retire byrotation."

7. To consider and if thought fit to pass with or without modification the followingresolution as an Ordinary Resolution for appointment of Ms. Sunila Sabharwal (DIN:02340208) as Whole-Time Director of the Company.

"RESOLVED THAT pursuant to the provisions of Section 196197203 and otherapplicable provisions if any read with Schedule V of the Companies Act 2013 theappointment of Ms. Sunila Sabharwal (DIN: 02340208) as the Whole -TimeDirector of the Company w.e.f. for a period of five years on the remuneration and termsand conditions as given below be and is hereby approved confirmed and ratified:-

a. Remuneration

Rs. 20000/- p.m (Rupees Twenty Thousand Only) with such annual increments/increase asmay be decided by the Board of Directors from time to time.

b. Perquisites

• HRA & Transport allowances.

• Contribution to provident fund superannuation fund and payment to gratuity asper rules of the company.

• Other Perquisites & Allowances as per service rules of the Company asapplicable.

c. Valuation of perquisites

Perquisites/allowances shall be valued as per the Income Tax rules whereverapplicable and in the absence of any such rules shall be valued at actual cost.

d. Minimum remuneration

In the event of loss or inadequacy of profits in any financial year during the tenureof the appointment the appointee shall subject to the approval of the Central Governmentif required be paid remuneration by way of salaries and perquisites as set out above asminimum remuneration subject to restrictions if any set out in Schedule V to theCompanies Act 2013 from time to time.

e. Other Terms

The terms and conditions of the said appointment may be altered and varied from time totime by the Board of Directors as it may in its discretion deem fit within the maximumamount payable to the appointee in accordance with the provisions of the said Act or anyamendments made therein or with the provisions of the said Act or any amendments madetherein or with the approval of the Central government if required.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is herebyauthorized to do and perform such acts matters deeds and things as may be necessaryto amend the terms and conditions of appointment if necessary and to act as may benecessary or expedient in its own discretion including the power to delegate to giveeffect to this Resolution.

By Order of the Board of Directors

For Alps Motor Finance Limited

Sd/-

Sunila Sabharwal

Director

DIN: 02340208.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard