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KEN Financial Services Ltd.

BSE: 530547 Sector: Financials
NSE: N.A. ISIN Code: INE395E01018
BSE LIVE 12:12 | 21 Mar Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 4.37
PREVIOUS CLOSE 4.60
VOLUME 3057
52-Week high 4.75
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.75
Sell Qty 58.00
OPEN 4.37
CLOSE 4.60
VOLUME 3057
52-Week high 4.75
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 4.75
Sell Qty 58.00

KEN Financial Services Ltd. (KENFINSERV) - Chairman Speech

Company chairman speech

NOTICE is hereby given that the 20th Annual General Meeting of the members of KENFINANCIAL SERVICES LIMITED will be held on Tuesday 30th September 2014 at 3:30 p.m.at Registered Office of the Company at Sai Darshan Plot No. 97 Daulat Nagar Road No. 8Borivali (East) Mumbai - 400 066 to transact the following business: -

ORDINARY BUSINESS:

To receive consider and adopt the audited Balance Sheet as at 31st March 2014 and theStatement of Profit and Loss Account for the year ended on that date together with thereport of Directors' and Auditors' thereon.

To consider and if thought fit to pass with or without modification the followingresolution as an Ordinary Resolution:

RESOLVED THAT in accordance with applicable provisions of the CompaniesAct 2013 and the Rules made thereunder (including any statutory modification(s) orre-enactment thereof) the retiring auditors M/s. Motilal & Associates CharteredAccountants Mumbai be and are hereby appointed as Auditors of the Company to hold officefrom the conclusion of this Annual General Meeting until the conclusion of the next AnnualGeneral Meeting on remuneration to be fixed by the Board of Directors.”

SPECIAL BUSINESS:

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT pursuant to the provisions of Sections 149 150 and 152 readwith Schedule IV and other applicable provisions if any of the Companies Act 2013 andthe rules made thereunder (including any amendment thereto or re-enactment thereof for thetime being in force) Mr. Manoj Kumar More (DIN 00040190) Director of the Company be andis hereby appointed as an Independent Director of the Company not liable to retire byrotation to hold office for five consecutive years up to March 31 2019.”

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT pursuant to the provisions of Sections 149 150 and 152 readwith Schedule IV and other applicable provisions if any of the Companies Act 2013 andthe rules made thereunder (including any amendment thereto or re-enactment thereof for thetime being in force) Mr. Sunil Saini (DIN 00673578) Director of the Company be and ishereby appointed as an Independent Director of the Company not liable to retire byrotation to hold office for five consecutive years upto March 31 2019.”

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT pursuant to the provisions of Sections 149 150 and 152 readwith Schedule IV and other applicable provisions if any of the Companies Act 2013 andthe rules made thereunder (including any amendment thereto or re-enactment thereof for thetime being in force) Mr. Dinesh Dhokar (DIN 03476436) Director of the Company be and ishereby appointed as an Independent Director of the Company not liable to retire byrotation to hold office for five consecutive years upto March 31 2019.”

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT pursuant to the provisions of Sections 149 150 and 152 readwith Schedule IV and other applicable provisions if any of the Companies Act 2013 andthe rules made thereunder (including any amendment thereto or re-enactment thereof for thetime being in force) Mr. Ronak Salecha (DIN 03625993) Director of the Company be and ishereby appointed as an Independent Director of the Company not liable to retire byrotation to hold office for five consecutive years upto March 31 2019.”

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT in accordance with applicable provisions of the CompaniesAct 2013 and the Rules made thereunder (including any statutory modification(s) orre-enactment thereof) and the Articles of Association of the Company Mr. Akash Swami(DIN 06938405) who was appointed as an Additional Director of the Company by the Board ofDirectors at its meeting held on June 20 2014 and whose term of office expires at thisAnnual General Meeting and who has offered himself for appointment as a Director and inrespect of whom a written Notice pursuant to Section 160 of the Companies Act 2013 hasbeen received from a member signifying his intention to propose Mr. Akash Swami as acandidate for the office of Director of the Company be and is hereby appointed as aDirector of the Company whose period of office shall be liable to retire by rotation.

RESOLVED FURTHER THAT subject to the provisions of sections 2(94) 196 197 198and 203 and other applicable provisions if any of the Companies Act 2013 read withSchedule V to the Companies Act 2013 and the Rules made thereunder (including anystatutory modification or re-enactment thereof) consent of the Company be and is herebyaccorded to the appointment of Mr. Akash Swami as Whole-time Director of the Company for aperiod of 3 years w.e.f. June 20 2014 on a monthly remuneration payable at a gradedscale of Rs. 27500 - 5000 - 37500 with liberty to the Board of Directors (hereinafterreferred to as “the Board” which term shall be deemed to include (any committeeof the Board) to alter and vary the terms and conditions of the said appointment and / orremuneration as it may deem fit and as may be acceptable to Mr. Akash Swami subject tothe same not exceeding the limits specified under Schedule V to the Companies Act 2013 orany statutory modification(s) or re-enactment thereof;

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT in accordance with applicable provisions of the CompaniesAct 2013 and the Rules made thereunder (including any statutory modification(s) orre-enactment thereof) and the Articles of Association of the Company Mr. Mukesh Saini(DIN 06938409) who was appointed as an Additional Director of the Company by the Board ofDirectors at its meeting held on June 20 2014 and whose term of office expires at thisAnnual

General Meeting and who has offered himself for appointment as a Director and inrespect of whom a written Notice pursuant to Section 160 of the Companies Act 2013 hasbeen received from a member signifying his intention to propose Mr. Mukesh Saini as acandidate for the office of Director of the Company be and is hereby appointed as aDirector of the Company whose period of office shall be liable to retire by rotation.

RESOLVED FURTHER THAT subject to the provisions of sections 2(94) 196 197 198and 203 and other applicable provisions if any of the Companies Act 2013 read withSchedule V to the Companies Act 2013 and the Rules made thereunder (including anystatutory modification or re-enactment thereof) consent of the Company be and is herebyaccorded to the appointment of Mr. Mukesh Saini as Whole-time Director of the Company fora period of 3 years w.e.f. June 20 2014 on a monthly remuneration payable at a gradedscale of Rs. 14000 - 2500 - 19000 with liberty to the Board of Directors (hereinafterreferred to as “the Board” which term shall be deemed to include (any committeeof the Board) to alter and vary the terms and conditions of the said appointment and / orremuneration as it may deem fit and as may be acceptable to Mr. Mukesh Saini subject tothe same not exceeding the limits specified under Schedule V to the Companies Act 2013 orany statutory modification(s) or re-enactment thereof;

To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:

RESOLVED THAT in accordance with applicable provisions of the CompaniesAct 2013 and the Rules made thereunder (including any statutory modification(s) orre-enactment thereof) and the Articles of Association of the Company Mr. Sumit Gupta(DIN 06938413) who was appointed as an Additional Director of the Company by the Board ofDirectors at its meeting held on June 20 2014 and whose term of office expires at thisAnnual General Meeting and who has offered himself for appointment as a Director and inrespect of whom a written Notice pursuant to Section 160 of the Companies Act 2013 hasbeen received from a member signifying his intention to propose Mr. Sumit Gupta as acandidate for the office of Director of the Company be and is hereby appointed as aDirector of the Company and shall not be liable to retire by rotation.

RESOLVED FURTHER THAT subject to the provisions of sections 2(94) 196 197 198and 203 and other applicable provisions if any of the Companies Act 2013 read withSchedule V to the Companies Act 2013 and the Rules made thereunder (including anystatutory modification or re-enactment thereof) consent of the Company be and is herebyaccorded to the appointment of Mr. Sumit Gupta as Whole-time Director of the Company for aperiod of 3 years w.e.f. June 20 2014 on a monthly remuneration payable at a gradedscale of Rs. 20000 - 5000 - 30000 with liberty to the Board of Directors (hereinafterreferred to as “the Board” which term shall be deemed to include (any committeeof the Board) to alter and vary the terms and conditions of the said appointment and / orremuneration as it may deem fit and as may be acceptable to Mr. Sumit Gupta subject tothe same not exceeding the limits specified under Schedule V to the Companies Act 2013 orany statutory modification(s) or re-enactment thereof;

RESOLVED FURTHER THAT the Board be and is hereby authorized to do all acts and takeall such steps as may be necessary proper or expedient to give effect to the aboveresolution.”

REGISTERED OFFICE: FOR AND ON BEHALF OF THE BOARD
Plot No.97 Sai Darshan Ground Floor
Road No.8 Daulat Nagar
Borivali (East) Sd/-
Mumbai - 400 066. (SUMIT GUPTA)
DIN 06938413
Date: 03-09-2014 CHAIRMAN