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9
Item No. 19
Article 56(d) of the Articles of Association of the Bank provides that “Acquisition of shares by a person/group which could
take in the aggregate his/her/its holding to a level of 5 per cent or more of the total issued capital of the Bank (or such other
percentage as may be prescribed by the Reserve Bank of India from time to time) should be effected by such buyer(s) after
obtaining prior approval of the Reserve Bank of India. The term ‘group’ will have the same meaning as contained in Section 2(e)
of the Monopolies and Restrictive Trade Practices Act, 1969”.
It is proposed to delete the reference to the definition of ‘group’. Further the words “5 per cent or more of the total issued capital
of the Bank” are proposed to be substituted by the words “5 per cent or more of the total paid-up capital of the Bank”.
The Directors recommend the adoption of the Resolution at Item No.19 of the Notice.
No Director is in any way concerned or interested in the Resolution at Item No.19 of the Notice.
By Order of the Board
JYOTIN MEHTA
General Manager &
Company Secretary
Mumbai, June 5, 2007
Registered Office:
Landmark
Race Course Circle
Vadodara 390 007
Corporate Office:
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051