Held on 20 December 2014
R Systems International announced that the Board of Directors of the Company at its meeting held on 20 December 2014, inter alia, has approved the following:1. Resignation of Vikash Kumar Tiwari as the Company Secretary and Compliance Officer of the Company effective 20 December 2014.
2. Appointment of Ashish Thakur as the Company Secretary and Compliance Officer of the Company effective 20 December 2014.
3. Proposal for Buy-back of the equity shares of the Company under first proviso to clause (b) of sub-section (2) of Section 68 of the Companies Act, 2013 with inter alia the following terms:
a) The total consideration amount for Buy-back shall not exceed Rs. 6 crore.
b) The total number of shares for Buy-back shall not exceed 9,500,000 equity shares and
c) The Buy-back price per equity share shall not exceed Rs. 100 per equity share
4. Payment of fourth interim (special) dividend for the year 2014 at the rate of Rs. 2.55 (Rupee Two and Fifty Five Paise only) per equity share of Re. 1/- each. Fourth Interim (special) Dividend will be paid on 12 January 2015.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app