At meeting held on 31 March 2016
Vas Infrastructure announced that the Board of Directors of the Company at its meeting held on 31 March 2016, has transacted the following:1. The Board approved the redesignation and appointment of Kirti Kishore Padave as Executive Director with effect from 01 April 2016, for a period of 3 years under Section 196, 197, and Schedule V of Companies Act, 2013, subject to the approval of members in the ensuing Annual General Meeting to be held on or before September, 2016, on a monthly remuneration as per the Companies Act, 2013.
2. The Board accepted the Resignation of Dr. Jayesh Vinodrai Valia, Executive Chairman, with effect from 31 March 2016, after the closing hours.
3 The Board discussed the SEBI Order dated 16 March 2016 including the course of action.
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