ICICI Bank 2006 Annual Report Download - page 21

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20
X. General Body Meetings
The details of General Body Meetings held in the last three years are given below:
General Body Meeting Day, Date Time Venue
Ninth Annual General Meeting Monday, 2.00 p.m.
August 25, 2003
Extraordinary General Meeting Friday, 2.00 p.m.
March 12, 2004
Tenth Annual General Meeting Monday, 2.00 p.m.
September 20, 2004
Eleventh Annual General Meeting Saturday, 1.30 p.m.
August 20, 2005
Special Resolutions
The details of Special Resolutions passed at the General Body Meetings of shareholders in the last three
years are given below:
General Body Meeting Day, Date Resolution
Ninth Annual General Meeting Monday, August 25, 2003 Delisting of shares and bonds from
select stock exchanges
Extraordinary General Meeting Friday, March 12, 2004 Issue of equity shares
Tenth Annual General Meeting Monday, September 20, 2004 Amendment to ESOS – for employees/
Directors of the Bank
Amendment to ESOS – for employees/
Directors of subsidiary companies/
holding company of the Bank
Eleventh Annual General Meeting Saturday, August 20, 2005 Amendment to the Articles of Association
of the Company for re-classification of the
authorised share capital.
Issue of preference shares
Postal Ballot
Though not mandatorily required, to facilitate wider participation in the approval process, approval of
shareholders for the issue of equity shares was sought through postal ballot. R. Hariharan, Executive
Director, S & S Business Solutions Private Limited was appointed as scrutiniser for conducting postal
ballot process. Notices were sent to 407,553 shareholders and the last date for receiving the postal ballot
forms by the scrutiniser was November 16, 2005. Till that date, 19,816 forms were received. According to
the scrutiniser’s report, the Resolution was passed by majority of 96.52%. The result of the postal ballot
was declared on November 19, 2005 and published on November 21, 2005 in the Financial Express
(Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Kochi, Kolkata and Mumbai editions) and in Vadodara
Samachar (Vadodara) for the information of Members.
The Bank has followed the procedure as prescribed under Companies (Passing of the Resolutions by
Postal Ballot), Rules 2001.
XI. Disclosures
1. There are no materially significant transactions with related parties i.e., directors, management,
subsidiaries, or relatives conflicting with the Bank’s interests. The Bank has no promoter.
2. During the year, Reserve Bank of India has levied penalty on the Bank, details of which are given in
Note No. 35 of the Notes to Accounts. Other than this, no penalties or strictures were imposed on
Professor Chandravadan
Mehta Auditorium,
General Education Centre,
Opposite D. N. Hall Ground,
The Maharaja Sayajirao University,
Pratapgunj, Vadodara 390 002
Directors’ Report