To receive consider and adopt the Audited Financial Statements of the Company for thefinancial year ended 31s March 2015 together with the Reports of the Board ofDirectors' and Auditors' thereon.
To appoint a Director in place of Sh. Surinder Kumar Garg (DIN: 01482096) who retiresby rotation at this meeting and being eligible offers himself for re-appointment.
To ratify appointment of M/s. Subash Vipan & Co. Chartered Accountants (FirmRegistration Number: 012898N) as Statutory Auditors and fix their remuneration.
To consider and if thought fit to pass with or without modification(s) thefollowing resolution as a Special Resolution:
RESOLVED THAT pursuant to Sections 196197203 read with Schedule V and otherapplicable provisions if any of the Companies Act 2013 (including any statutorymodification or re-enactment thereof for the time being in force) the re-appointment ofSh. Bharatt Oswall (DIN: 00469332) as Whole Time Director not liable to retire by rotationto be designated as Executive Director of the company for a period of 5 (five) yearsw.e.f. 31st July 2015 be and is hereby approved and ratified.
RESOLVED FURTHER THAT his remuneration package as Executive Director will compriseof following subject to deduction of income tax at source and other levies if anyapplicable during his aforesaid tenure as whole time director:
|Salary ||Rs. 10000/- per month |
|Entitlements ||Re-imbursement of telephonic conveyance and entertainment expenses incurred in connection with the business of the company. |
RESOLVED FURTHER THAT Board of Directors be and is hereby authorized to alter andvary the terms and conditions including remuneration as may be permitted under theCompanies Act 2013 (including any modification or re-enactment thereof) & agreed tobetween the Board of Directors and Sh. Bharatt Oswall Executive Director without seekingfresh approval of the shareholders.
To consider and if thought fit to pass with or without modification(s) the followingresolution as an Ordinary Resolution:
RESOLVED THAT Mrs Mamta Jain (DIN: 02328913) who was appointed as anAdditional Director of the Company by the Board of Directors with effect from 27.03.2015and who holds office up to the date of this Annual General Meeting be and is herebyappointed as director of the company liable to retire by rotation.
| ||By order of the Board of Directors |
| ||For Oswal Yarns Ltd. |
| ||Sd/- |
|Place : Ludhiana ||Tej Paul Oswal |
|Dated : 31.08.2015 ||Managing Director |
| ||DIN: 00781144 |