DOCSLIB.ORG

N1ftir I Corporation Bank

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
N1ftir I Corporation Bank WUR lJcl4 Head Office 88, P.B. No. 88, Iciicfl #f TTf Mangaladevi Temple Road, 1• Pandeshwar, - 575001. n1ftir i MANGALURU -575001. FT Tr1W Corporation Bank Karnataka State T 3TUtU A Premier Public Sector Bank 1ri #W 111TT INVESTOR SERVICES DEPARTMENT Ref.: tISD/117/2019-20 ftFiw Date: 3d r June 2019 To, To, BSE Ltd, The Manager Corporate Relationship Department Listing Department, 1st Floor, New Trading Ring National Stock Exchange of India Ltd. 1h Rotunda Building, P J Towers Exchange Plaza, 5 Floor, Plot No.C/1, C Block Dalal Street, Fort Bandra Kurla Complex, Bandra (E) MUMBAI -400 001 MUMBAI -400 051 http://listinq.bseindia.com-Listing Centre https ://www.connect2nse.com/LISTING/-NEAPS Ref.: Code No.532179 Symbol: CORPBANK 1 ' c Sir, Annual Report containing Notice of Twenty Second Annual General Meeting of 29th Shareholders of the Bank to be held on June, 2019 ******* 17th This has further reference to our letter No.ISD/087/2019-20 dated May 2019 in the above matter: we hereby submit a copy the Annual Report of the Bank sent to the shareholders along with the notice of the Annual General Meeting. This is in compliance of Regulation 34 (1) (a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Yours faithfully, rr S.K. Dash) 31"frfl 'ki1) Deputy General Manager (Company Secretary) , cida-1 End: IWT as above E-mail : [email protected] ( :0824-2861888 / 2861500 TT:M WJt Do visit us at www.corpbank.com dm{f©H$ [anmoQ>© ANNUAL REPORT 2018-2019 {df¶-gyMr CONTENTS {ddaU Particulars n¥ð> g§. Page No. 1. JV Xg df© Ho$ {ZînmXZ H$s {d{eï>VmE§ Performance Highlights for the Last 10 Years 02 2. à~§Y {ZXoeH$ Ed§ _w»` H$m`©nmbH$ A{YH$mar H$m A{^^mfU Managing Director and CEO Statement 03 3. gyMZm Notice 10 4. {ZXoeH$m| H$s [anmoQ>© Directors’ Report 26 5. à~§YZ-dJ© H$m {ddoMZ Ed§ {díbofU Management Discussion & Analysis 37 6. H$mnm}aoQ> A{^emgZ na [anmoQ>© Report on Corporate Governance 76 7. {Z`m_H$s boImnarjm [anmoQ>© Secretarial Audit Report 123 8. {Z`m_H$s AZwnmbZ [anmoQ>© Secretarial Compliance Report 127 9. ZB© ny±Or n`m©ßVVm Ho$ T>m±Mo Ho$ {Xem{ZX}em| Ho$ A§VJ©V àH$Q>rH$aU Disclosure under New Capital Adequacy Framework guidelines 129 10. EH$b VwbZ-nÌ Ed§ bm^-hm{Z boIm Standalone Balance Sheet and Profi t & Loss Account 130 11. g‘o{H$V VwbZ-nÌ Ed§ bm^-hm{Z boIm Consolidated Balance Sheet and Profi t & Loss Account 205 12. H$mn© ~¢H$ {g³¶w[aQ>rµO {b. (AZwf§Jr H§$nZr) Ho$ boIo Accounts of CorpBank Securities Ltd. (Subsidiary Company) 248 13. Zm_m§H$Z \$m_© Nomination Form 279 14. EZEgrEM A{YXoe NACH Mandate 281 15. àm°³gr ’$m‘© Proxy Form 283 ‘w»¶ {dÎmr¶ A{YH$mar Chief Financial Offi cer a{OñQ´>ma Ed§ eo¶a Registrar & Share Shri V. Muthukrishnan lr dr. _wÎmwH¥$îUZ A§VaU EO|Q> Transfer Agent Karvy Fintech Private Limited Company Secretary H$mdr© {\$ZQ>oH$ àm.{b. H§$nZr g{Md Karvy Selenium Tower B, S. K. Dash H mdr© gobo{Z`_ Qmda ~r. ßbmQ g§. Eg. Ho$. Xme 31 Ed§ 32, Plot No. 31 & 32, Statutory Central Auditors Jm{M~modbr, {dÎmr` {µObm Gachibowli, Financial District gm§{d{YH$ H|$Ðr` boIm narjH$ Nanakramguda, Serilingampally M/s Datta Singla & Co. ZmZH«$m_JwSm, go{aqbJån{„ ‘ogg© XÎmm qgJbm EÊS H§ . HYDERABAD–500 032 (Telangana) M/s A. K. Sabat & Co. h¡Xam~mX - 500 032 (Vob§JZm) ‘ogg© E. Ho . g~V EÊS H§ . Xya^mf… 040-67161500/67161514 Phone: 040-67161500/67161514 M/s Pramod & Associates ‘ogg© à_moX EÊS Egmo{gEQ²g \¡ Šg… 040- 23001153 Fax: 040-23001153 M/s Chandran & Raman ‘ogg© M§ÐZ EÊS> am_Z B©-‘ob: [email protected] E-mail: [email protected] ‘ogg© Eg. am_mZ§X Aæ`a EÊS> H§$. M/s S. Ramanand Aiyer & Co. ~¢H$ Ûmam Omar ~m±S> Ho$ {bE Q´>ñQ>r Trustees for Bond issued by Bank: AmB©S>r~rAmB© Q´>ñQ>r{en g{d©gog {b{_Q>oS> IDBI Trusteeship Services Limited EpŠgg Q´>ñQ>r g{d©gog {b{_Q>oS> Axis Trustee Services Limited E{e`Z {~pëS>¨J, {ZMbm Vb Asian Building, Ground Floor ê$~r Xygam Vb, SW The Ruby, 2nd Floor, SW 17, Ama. H$_mZr _mJ©, ~obmS>© EñQ>oQ> 17, R. Kamani Marg, Ballard Estate 29 goZmnVr ~mnV _mJ© 29 Senapati Bapat Marg _w~§B© - 400 001 MUMBAI – 400 001 XmXa npíM_ Dadar West Xya^mf : 022-40807000 Ph : 022 – 40807000 _w§~B© - 400 028 Mumbai – 400 028 \¡$Šg : 022-66311776/40807080 Fax : 022-66311776/40807080 022-62300442/62300426 Ph : 022-62300442/62300426 B©_ob : [email protected]; Email : [email protected]; Xya^mf : [email protected] [email protected] B©_ob : [email protected] Email : [email protected] do~gmBQ> : http://www.idbitrustee.co.in Website : http://www.idbitrustee.co.in do~gmBQ> : http://www.axistrustee.com Website : http://www.axistrustee.com ANNUAL REPORT 2018-19 1 df© 2009-10 go 2018-19 VH$ ~¢H$ H$m {ZînmXZ Bank’s Performance from 2009-10 to 2018-19 (am{e ` H$amo‹S>> _| Amount ` in crores) 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 ny±Or Capital 143.44 148.13 148.13 152.91 167.54 167.54 204.50 229.41 333.11 1198.84 Ama{jV {Z{Y`m± Ed§ A{Yeof Reserves & Surplus 5631.43 6989.68 8127.80 9412.78 9917.56 10316.94 11161.39 12482.53 10512.74 15366.02 H$mamo~ma _mZX§S> Business Parameters O_mam{e`m± Deposits 92733.67 116747.50 136142.20 166005.45 193393.01 199345.82 205170.84 220559.62 183315.94 184567.84 A{J«_ Advances 63202.56 86850.40 100469.02 118716.65 137086.30 145066.03 140322.24 140356.79 119868.83 121251.20 {Zdoe Investments 34522.63 43452.74 47474.63 58164.49 66191.21 63412.28 63280.64 64072.98 70349.75 59979.19 Hw$b Am` Total Income 8481.03 10459.62 14510.40 16942.02 19606.29 21038.91 21146.40 22561.78 19941.41 17494.69 ì`` {H$`m J`m ã`mO Interest Expended 5084.35 6195.51 9870.89 11908.23 14174.88 15486.10 15171.78 15020.46 12790.10 10114.16 n[aMmbZJV ì`` Operating Expenses 1259.95 1641.71 1783.55 1996.79 2392.01 2525.36 2879.60 3101.79 3200.88 3486.06 n[aMmbZJV bm^ Operating Profi t 2136.73 2622.40 2855.97 3037.00 3039.40 3027.45 3095.02 4439.53 3950.41 3894.46 {Zdb bm^ Net Profi t 1170.25 1413.27 1506.04 1434.67 561.72 584.26 -506.48 561.21 -4053.94 -6332.98 _w»` AZwnmV Key Ratios ny±Or n`m©ßVVm AZwnmV (%) #12.90 #11.94 #11.38 ##12.21 ##11.80 ##10.88 ##11.90 ##NA ##NA Capital Adequacy Ratio (%) 15.00 ##14.11 ##13.00 ##12.33 ###11.64 ###11.09 ###10.56 ###11.32 ###9.23 ###12.30 Am¡gV AmpñV`m| na à{Vbm^ (%) Return on Average Assets (%) 1.28 1.21 1.06 0.88 0.29 0.28 - 0.23 0.23 -1.67 -3.14 B©pŠdQ>r na à{Vbm^ (%) Return on Equity (%) 20.26 20.70 18.20 16.27 5.72 5.68 - 4.64 4.66 -36.50 -46.21 à{V eo`a AO©Z (`) Earnings per Share (`) $81.58 $98.50 $101.67 $96.74 $35.75 $$6.97 $$- 5.48 $$5.17 $$-35.30 $$-30.06 à{V eo`a ~hr _yë` (`) Book Value per Share (`) $402.60 $497.62 $558.69 $645.76 $601.95 $$125.16 $$110.94 $$110.82 $$65.12 $$27.63 Am¡gV H$m`©erb ny§Or _| EZAmB©E_ (ã`mO A{O©V H$aZodmbr AmpñV`m±) % 2.85 2.48 2.29 2.10 2.07 2.06 2.12 2.32 3.05 NIM to Average Working Funds(Interest earning assets) 2.41 Hw$b Am` _| ã`mOoVa Am` (%) Non-interest income to total 12.09 10.29 9.49 8.40 7.05 8.21 13.70 11.60 10.70 income (%) 16.95 gH$b A{J«_m| _| gH$b EZnrE (%) Gross NPA to Gross 0.91 1.26 1.72 3.42 4.81 9.98 11.70 17.35 15.35 Advances (%) 1.02 {Zdb A{J«_m| _| {Zdb EZnrE (%) 0.46 0.87 1.19 2.32 3.08 6.53 8.33 11.74 5.71 Net NPA to Net Advances (%) 0.31 bm^m§e Dividend (`) $16.50 $20.00 $20.50 $19.00 $6.75 $$1.40 $$0.00 $$0.00 $$0.00 $$0.00 # ~ogb I Ho$ AZwgma As per Basel I. $$ A§{H$V _yë` à{V eo`a `2/- hoVw $$ For FV `2/- per share ## ~ogb II Ho$ AZwgma As per Basel II. $ A§{H$V _yë` à{V eo`a `10/- hoVw $ For FV `10/- per share ### ~ogb III Ho$ AZwgma As per Basel III. 2 à~§Y {ZXoeH$ Ed§ grB©Amo H$m gÝXoe FROM THE MANAGING DIRECTOR AND CEO {à` eo`aYmaH$mo§, Dear Shareholders, _wPo Iwer h¡ {H$ _wPo à~§Y {ZXoeH$ Ed§ grB©Amo Ho ê$n _o§ H$m°nmo©aoeZ ~¢H$ H$m I am glad to have the opportunity to lead Corporation Bank ZoV¥Ëd H$aZo H$m Adga {_bm Am¡a MwZm¡VrnyU© g_` _o§ Bg _hmZ ~¢H$ Ho ZoV¥Ëd as MD & CEO and I thank the Government of India for H$s {Oå_oXmar gm¢nZo Ho {bE _¢ ^maV gaH$ma H$mo YÝ`dmX XoVr hy§& h_mao nmg entrusting the responsibility to head this esteemed Bank in AnZo g^r {hVYmaH$mo§ H$m _mZ ~‹TmZo Am¡a h_mar ß`mar 113 dfr©` g§ñWm Ho challenging times.
Load more

Recommended publications
  • GOVERNMENT of INDIA LAW COMMISSION of INDIA Report No
    GOVERNMENT OF INDIA LAW COMMISSION OF INDIA Report No. 248 “Obsolete Laws : Warranting Immediate Repeal” (Interim Report) September, 2014 D.O. No.6(3)211/2011-LC(LS) 12th September, 2014 Dear Mr. Ravi Shankar Prasad ji, A project “Identification of Obsolete Laws” was undertaken by the 19th Law Commission suo moto. No significant progress could be made as the term of the Commission ended. The 20th Law Commission thus decided to continue with the project. Various Ministries were approached seeking relevant informations. In the meantime the Hon’ble Union Minister for Law and Justice wrote to the Commission (24th June, 2014) asking its suggestions and recommendations on same subject. Keeping above in view, the Commission decided to undertake a study “The Legal Enactments : Simplifications and Streamlining”. As the study would be completed in instalments, the first of such instalment : “Obsolete Laws : Warranting Immediate Repeal” – An Interim Report No. 248 is being submitted to the Minister. Hope the suggestions and recommendations contained would constitute a major step in the direction of simplifying the legal structure. With warm regards, Yours sincerely, [Ajit Prakash Shah] Mr. Ravi Shankar Prasad Hon’ble Minister for Law and Justice Government of India Shastri Bhawan New Delhi - 110115 ii “Obsolete Laws : Warranting Immediate Repeal” (Interim Report) Table of Contents Chapter Title Page 1. Introduction and Background 1-3 2. Methodology: Subject 4-5 Categorisation and Classification 3. Findings, Conclusions and 6-9 Recommendations 4.
    [Show full text]
  • COMPANIES ACT, 1956 [Act No
    COMPANIES ACT, 1956 [Act No. 1 OF 1956] PART I : PRELIMINARY Sections 1. Short title, commencement and extent 2. Definitions 2A. Interpretation of certain words and expressions 3. Definitions of "company", "existing company", "private company" and "public company" 4. Meaning of "holding company" and "subsidiary" 4A. Public financial institutions 5. Meaning of "officer who is in default" 6. Meaning of "relative" 7. Interpretation of "person in accordance with whose directions or instructions directors are accustomed to act" 8. Power of Central Government to declare an establishment not to be a branch office 9. Act to override memorandum, articles, etc. 10. Jurisdiction of courts 10A. [Omitted] 10B. [Omitted] 10C. [Omitted] 10D. [Omitted] PART IA : BOARD OF COMPANY LAW ADMINISTRATION 10E. Constitution of Board of Company Law Administration 10F. Appeals against the order of the Company Law Board 10FA. Dissolution of Company Law Board PART IB : NATIONAL COMPANY LAW TRIBUNAL 10FB. Constitution of National Company Law Tribunal 10FC. Composition of Tribunal 10FD. Qualifications for appointment of President and Members 10FE. Term of office of President and Members 10FF. Financial and administrative powers of Member Administration 10FG. Salary, allowances and other terms and conditions of service of President and other Members 10FH. Vacancy in Tribunal 10FI. Resignation of President and Member 10FJ. Removal and suspension of President or Member 10FK. Officers and employees of Tribunal 10FL. Benches of Tribunal 10FM. Order of Tribunal 10FN. Power to review 10FO. Delegation of powers 10FP. Power to seek assistance of Chief Metropolitan Magistrate and District Magistrate [PART IC : APPELLATE TRIBUNAL 10FQ. Appeal from order of Tribunal 10FR.
    [Show full text]
  • The Finance Bill, 2021
    BILL No. 15 OF 2021 THE FINANCE BILL, 2021 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2021 _______ ARRANGEMENT OF CLAUSES ______ CHAPTER I PRELIMINARY CLAUSES 1. Short title and commencement. CHAPTER II RATES OF INCOME-TAX 2. Income-tax. CHAPTER III DIRECT TAXES Income-tax 3. Amendment of section 2. 4. Amendment of section 9A. 5. Amendment of section 10. 6. Amendment of section11. 7. Amendment of section 32. 8. Amendment of section 36. 9. Amendment of section 43B. 10. Amendment of section 43CA. 11. Amendment of section 44AB. 12. Amendment of section 44ADA. 13. Amendment of section 44DB. 14. Amendment of section 45. 15. Amendment of section 47. 16. Amendment of section 48. 17. Amendment of section 49. 18. Amendment of section 50. 19. Amendment of section 54GB. 20. Amendment of section 55. 21. Amendment of section 56. ii CLAUSES 22. Amendment of section 72A. 23. Amendment of section 79. 24. Amendment of section 80EEA. 25. Amendment of section 80-IAC. 26. Amendment of section 80-IBA. 27. Amendment of section 80LA. 28. Insertion of new section 89A. 29. Amendment of section 112A. 30. Amendment of section 115AD. 31. Amendment of section 115JB. 32. Amendment of section 139. 33. Amendment of section 142. 34. Amendment of section 143. 35. Substitution of new section for section 147. 36. Substitution of new section for section 148. 37. Insertion of new section 148A. 38. Substitution of new section for section 149. 39. Substitution of new section for section 151. 40. Amendment of section 151A. 41. Amendment of section 153. 42.
    [Show full text]
  • Alphabetical List of Central Acts
    P AGE | 1 ALPHABETICAL LIST OF CENTRAL ACTS Name of the Act Year Act No ---------------------------- ---------- ------------------------------------------------------- A Aadhaar (Targeted Delivery of Financial and other subsidies, benefits and Services) Act 2016 18 Academy of Scientific and Innovative Research Act 2012 13 Acquired Territories (Merger) Act 1960 64 Acquisition of Certain Area at Ayodhya Act 1993 33 Actuaries Act 2006 35 Administrative Tribunals Act 1985 13 Administrators-General Act 1963 45 Admiralty (Jurisdiction and Settlement of Maritime Claims) Act 2017 22 Advocates Act 1961 25 Advocates’ Welfare Fund Act 2001 45 African Development Bank Act 1983 13 African Development Fund Act 1982 01 Agricultural and Processed Food Products Export Development Authority Act 1986 02 Agricultural Produce (Grading and Marking) Act 1937 01 Agriculturists' Loans Act 1884 12 Aircraft Act 1934 22 Airports Authority of India Act 1994 55 Airports Economic Regulatory Authority of India Act 2008 27 Air Corporations (Transfer of Undertakings and Repeal) Act 1994 13 Air Force Act 1950 45 Air (Prevention and Control of Pollution) Act 1981 14 Ajmer Tenancy and Land Records Act 1950 42 Alcock Ashdown Company Limited (Acquisition of Undertakings) Act 1973 56 Aligarh Muslim University Act 1920 40 All-India Council for Technical Education Act 1987 52 All-India Institute of Medical Sciences Act 1956 25 All-India Services Act 1951 61 Anand Marriage Act 1909 07 Ancient Monuments and Archaeological Sites and Remains Act 1958 24 Ancient Monuments Preservation
    [Show full text]
  • Chronological List of Central Acts ------Page: 1
    CHRONOLOGICAL LIST OF CENTRAL ACTS -------- PAGE: 1 Name of the Act Year Act No -------------------------------------------------- ---------- -------------------------------------------------------------------- Bengal Indigo Contracts Act 1836 10 Bengal Districts Act 1836 21 Madras Public Property Malversation Act 1837 36 Bengal Bonded Warehouse Association Act 1838 5 Coasting Vessels Act 1838 19 Madras Rent and Revenue Sales Act 1839 7 Bengal Land Revenue Sales Act 1841 12 Revenue, Bombay 1842 13 Revenue Commissioners, Bombay 1842 17 Sales of Land for Revenue Arrears 1845 1 Boundary-marks, Bombay 1846 3 Boundaries 1847 1 Bengal Alluvion and Diluvion Act 1847 9 Bengal Land Holders' Attendance Act 1848 20 Madras Revenue Commissioner Act 1849 10 Judicial Officers Protection Act 1850 18 Calcutta Land-revenue Act 1850 23 Forfeited Deposits Act 1850 25 Improvements in Towns 1850 26 Indian Tolls Act 1851 8 Madras City Land Revenue Act 1851 12 Bombay Rent-free Estates Act 1852 11 Rent Recovery Act 1853 6 Shore Nuisances (Bombay and Kolaba) Act 1853 11 Bengal Bonded Warehouse Association Act 1854 5 Police, Agra 1854 16 Legal Representatives' Suits Act 1855 12 Fatal Accidents Act 1855 13 Usury Laws Repeal Act 1855 28 Bengal Embankment Act 1855 32 Sonthal Parganas Act 1855 37 Indian Bills of Lading Act 1856 9 Calcutta Land-revenue Act 1856 18 Bengal Chaukidari Act 1856 20 Tobacco Duty (Town of Bombay) Act 1857 4 Oriental Gas Company 1857 5 Madras Compulsory Labour Act 1858 1 Bengal Ghatwali Lands Act 1859 5 Bengal Rent Act 1859 10 Bengal Land Revenue
    [Show full text]
  • Securities and Exchange Board of India Act, 1992 [As Amended by the Securities Laws(Amendment) Act, 2014] SECTIONS
    Securities and Exchange Board of India Act, 1992 [As amended by the Securities Laws(Amendment) Act, 2014] SECTIONS CHAPTER I PRELIMINARY 1. Short title, extent and commencement 2. Definitions CHAPTER II ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA 3. Establishment and incorporation of Board 4. Management of the Board 5. Term of office and conditions of service of Chairman and members of the Board 6. Removal of member from office 7. Meetings 7A. Member not to participate in meetings in certain cases 8. Vacancies, etc., not to invalidate proceedings of Board 9. Officers and employees of the Board CHAPTER III TRANSFER OF ASSETS, LIABILITIES, ETC., OF THE EXISTING SECURITIES AND EXCHANGE BOARD TO THE BOARD 10. Transfer of assets, liabilities, etc., of existing Securities and Exchange Board to the Board CHAPTER IV POWERS AND FUNCTIONS OF THE BOARD 11. Functions of Board 11A. Board to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities 11AA. Collective investment scheme 11B. Power to issue directions 11C. Investigation 11D. Cease and desist proceedings CHAPTER V REGISTRATION CERTIFICATE 12. Registration of stock brokers, sub-brokers, share transfer agents, etc. 1 CHAPTER VA PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROL 12A. Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control CHAPTER VI FINANCE, ACCOUNTS AND AUDIT 13. Grants by the Central Government 14. Fund 15. Accounts and audit CHAPTER VIA PENALTIES AND ADJUDICATION 15A. Penalty for failure to furnish information, return, etc.
    [Show full text]
  • DEPOSITORIES ACT, 1996 [As Amended by the Securities Laws(Amendment) Act, 2014]
    DEPOSITORIES ACT, 1996 [As amended by the Securities Laws(Amendment) Act, 2014] SECTIONS CHAPTER I PRELIMINARY 1. Short title, extent and commencement 2. Definitions CHAPTER II CERTIFICATE OF COMMENCEMENT OF BUSINESS 3. Certificate of commencement of business by depositories CHAPTER III RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS 4. Agreement between depository and participant 5. Services of depository 6. Surrender of certificate of security 7. Registration of transfer of securities with depositories 8. Options to receive security certificate or hold securities with depository 9. Securities in depositories to be in fungible form 10. Rights of depositories and beneficial owner 11. Register of beneficial owner 12. Pledge or hypothecation of securities held in a depository 13. Furnishing of information and records by depository and issuer 14. Option to opt out in respect of any security 15. Act 18 of 1891 to apply to depositories 16. Depositories to indemnify loss in certain cases 17. Rights and obligations of depositories, etc. CHAPTER IV ENQUIRY AND INSPECTION 18. Power of Board to call for information and enquiry 19. Power of Board to give directions in certain cases 19A. Penalty for failure to furnish information, return, etc. 19B. Penalty for failure to enter into an agreement 19C. Penalty for failure to redress investors’ grievances 19D. Penalty for delay in dematerialisation or issue of certificate of securities 19E. Penalty for failure to reconcile records 19F. Penalty for failure to comply with directions issued by Board under section 19 of the Act 19G. Penalty for contravention where no separate penalty has been provided 19H.
    [Show full text]
  • Annual Report 2019-20
    DELHI INTERNATIONAL AIRPORT LIMITED ANNUAL REPORT 2019-20 S. No Content 1. Director’s Report 2. Management Discussion and Analysis Report 3. Annexures of Director’s Report 4. Independent Auditors Report on Standalone Financial Statements (Ind AS) 5. Standalone Financial Statements (Ind AS) 6. Independent Auditors Report on Consolidated Financial Statements 7 Consolidated Financial Statements (Ind AS) 1 BOARD OF DIRECTORS OF DELHI INTERNATIONAL AIRPORT LIMITED S. No. Name of the Director Designation 1. Mr. G.M. Rao Executive Chairman 2. Mr. G.B.S. Raju Managing Director 3. Mr. Prabhakara Rao Indana Executive Director 4. Mr. Kada Narayana Rao Whole-time Director 5. Mr. Grandhi Kiran Kumar Director 6. Mr. Srinivas Bommidala Director 7. Mr. Gunuputi Subba Rao Director 8. Mr. Anil Kumar Pathak Director (AAI Nominee) 9. Ms. Rubina Ali Director (AAI Nominee) 10. Mr. Anuj Aggarwal Director (AAI Nominee) 11. Mr. R.S.S.L.N. Bhaskarudu Independent Director 12. Mr. N.C. Sarabeswaran Independent Director 13. Ms. V. Siva Kameswari Independent Director 14. Dr. Mundayat Ramachandran Independent Director 15. Ms. Denitza Weismantel Director 2 Dear Shareholders, Your Directors are pleased to present you the Fourteenth Annual Report on Business and Operations along with the Audited Financial Statements and the Auditors Report of your Company for the financial year ended March 31, 2020. The Consolidated Financial Statements and the Auditor’s Report of your Company for the Financial Year ended March 31, 2020 also forms part of this Annual Report, as per the
    [Show full text]
  • The Companies Act, 2013 Arrangement of Sections
    THE COMPANIES ACT, 2013 __________________ ARRANGEMENT OF SECTIONS __________________ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 4. Memorandum. 5. Articles. 6. Act to override memorandum, articles, etc. 7. Incorporation of company. 8. Formation of companies with charitable objects, etc. 9. Effect of registration. 10. Effect of memorandum and articles. 11. [Omitted]. 12. Registered office of company. 13. Alteration of memorandum. 14. Alteration of articles. 15. Alteration of memorandum or articles to be noted in every copy. 16. Rectification of name of company. 17. Copies of memorandum, articles, etc., to be given to members. 18. Conversion of companies already registered. 19. Subsidiary company not to hold shares in its holding company. 20. Service of documents. 21. Authentication of documents, proceedings and contracts. 22. Execution of bills of exchange, etc. CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES PART I.—Public offer 23. Public offer and private placement. 24. Power of Securities and Exchange Board to regulate issue and transfer of securities, etc. 25. Document containing offer of securities for sale to be deemed prospectus. 26. Matters to be stated in prospectus. 27. Variation in terms of contract or objects in prospectus. 28. Offer of sale of shares by certain members of company. 29. Public offer of securities to be in dematerialised form. 30. Advertisement of prospectus. 31. Shelf prospectus. 32. Red herring prospectus. 33. Issue of application forms for securities. 34. Criminal liability for mis-statements in prospectus. 35. Civil liability for mis-statements in prospectus.
    [Show full text]
  • India's Financial Sector
    INDIA’S FINANCIAL SECTOR AN ASSESSMENT Volume V Advisory Panel on Institutions and Market Structure Committee on Financial Sector Assessment March 2009 ž¸¸£÷¸ ¬¸£ˆ ¸£ GOVERNMENT OF INDIA RESERVE BANK OF INDIA © Committee on Financial Sector Assessment, 2009 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording and/or otherwise, without the prior written permission of the publisher. Sale Price: Rs. 2,000 Volumes I-VI (including one CD) Exclusively distributed by: Foundation Books An Imprint of Cambridge University Press India Pvt. Ltd, Cambridge House, 4381/4, Ansari Road Darya Ganj, New Delhi - 110 002 Tel: + 91 11 43543500, Fax: + 91 11 23288534 www.cambridgeindia.org Published by Dr. Mohua Roy, Director, Monetary Policy Department, Reserve Bank of India, Central Office, Mumbai - 400 001 and printed at Jayant Printery, 352/54, Girgaum Road, Murlidhar Temple Compound, Near Thakurdwar Post Office, Mumbai - 400 002. Composition of the Advisory Panel on Institutions and Market Structure Shri C. M. Vasudev Former Secretary Chairman Department of Economic Affairs Ministry of Finance Government of India Shri C. B. Bhave Chairman and Managing Director Member National Securities Depository Ltd. (up to February 15, 2008) Dr. K. C. Chakraborty Chairman and Managing Director Member Punjab National Bank Dr. R. Chandrasekhar Dean, Academic Affairs Member Institute for Financial Management and Research Dr. Ashok Ganguly Chairman, Firstsource Solutions Ltd. Member Dr. Omkar Goswami Chairman, CERG Advisory Pvt. Ltd. Member Shri Y. H. Malegam Chartered Accountant Member Dr. Nachiket Mor Deputy Managing Director, ICICI Bank Ltd.
    [Show full text]
  • An Act to Consolidate and Amend the Law Relating to Companies and Certain Other Associations
    THE COMPANIES ACT, 1956 ACT NO. 1 OF 1956 [18th January, 1956] An Act to consolidate and amend the law relating to companies and certain other associations. BE it enacted by Parliament in the Sixth Year of the Republic of India as follows--- 1. Short title, commencement and extent. 1.Short title, commencement and extent.(1) This Act may be called the Companies Act, 1956. (2) It shall come into force on such date2* as the Central Government may, by notification in the Official Gazette, appoint. 3[(3) It extends to the whole of India: 4 * * * * *] 5[Provided 6* * * that it shall apply to the State of Nagaland subject to such modifications, if any, as the Central Government may, by notification in the Official Gazette, specify.] 2. Definitions. 2.Definitions.In this Act, unless the context otherwise requires,- (1) "alter" and "alteration" shall include the making of additions and omissions; (2) "articles" means the articles of association of a company as originally framed or as altered from time to time in pursuance of any previous companies law or of this Act, including, so far as they apply to the company, the regulations contained, as the case may be, in Table B in the Schedule annexed to Act No. 19 of 1857 or in Table A in the First Schedule annexed to the Indian Companies Act, 1882, (6 of 1882.) or in Table A in the First pd4ml evaluation copy. visit http://pd4ml.com --------------------------------------------------------------------- 1 This Act has been extended to Goa, Daman and Diu by Regulation 12 of 1962 (with modifications), s.
    [Show full text]
  • Understanding Statement of Financial Transaction (Sft)
    UNDERSTANDING STATEMENT OF FINANCIAL TRANSACTION (SFT) To keep a watch on high value transactions undertaken by the taxpayer, the Income-tax Law has framed the concept of statement of financial transaction or reportable account. With the help of the statement the tax authorities will collect information on certain prescribed high value transactions undertaken by a person during the year. Statement of financial transaction or reportable account is to be filed by certain prescribed entities (discussed later), and in such statement they are required to furnish the details of specified financial transactions or any reportable account registered/recorded/maintained (discussed later) by them during the year. Thus, on the basis of the information provided by certain prescribed entities in statement of financial transaction or reportable account, the Income-tax Department keeps a track of specified financial transactions carried on by a person during the year. In this part you can gain knowledge on various provisions relating to statement of financial transaction or reportable account. Basic provisions As per Section 285BA of the Income Tax Act, 1961, specified entities (Filers) are required to furnish a statement of financial transaction or reportable account (hereinafter referred to as ‘statement’) in respect of specified financial transactions or any reportable account registered/recorded/maintained by them during the financial year to the income-tax authority or such other prescribed authority. Persons required to file statement of financial
    [Show full text]