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Notice of 16Th Annual General Meeting (AGM) of the Bank

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Notice of 16Th Annual General Meeting (AGM) of the Bank YBL/CS/2020-21/62 August 17, 2020 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department Plot no. C/1, G Block, P.J. Towers, Dalal Street Bandra - Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai - 400 051 Tel.: 2272 8013/15/58/8307 NSE Symbol: YESBANK BSE Scrip Code: 532648 Dear Sirs, Sub: Notice of 16th Annual General Meeting (AGM) of the Bank This is to inform that the 16th Annual General Meeting (AGM) of the Bank is scheduled to be held on Thursday, September 10, 2020 at 11:00 AM through video-conferencing / other audio- visual means as per the details mentioned in the enclosed Notice of the AGM. The Notice of 16th AGM, Annual Report for FY 2019-20 have also been made available on the website of the Bank at the link https://www.yesbank.in/about-us/investors-relation/financial- information/annual-reports The Bank shall commence dispatch (by electronic means) of the Notice of 16th AGM and the Annual Report for FY 2019-20 to the shareholders from today i.e. August 17, 2020. Shareholders, who do have their email ID registered with their Depository Participant may register their email ID for AGM and e-voting purpose by sending an email at [email protected] or to the Registrar & Share Transfer Agent of the Bank specifying therein identification details per the instructions mentioned in the Notice of AGM. Kindly take the above on your record and disseminate to all concerned. Thanking you, Yours faithfully, For YES BANK LIMITED Shivanand R. Shettigar Group Company Secretary Encl.: Notice of the 16th AGM. Regd. & Corporate Office: YES BANK Limited, YES BANK Tower, ONE International Center, Tower - II, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India Tel: +91 (22) 3366 9000 Fax : +91 (22) 2421 4500 Website: www.yesbank.in Email: [email protected] CIN - L65190MH2003PLC143249 YES BANK LIMITED CIN – L65190MH2003PLC143249 Registered Office: YES Bank Tower, ONE International Center, Tower - II, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013 Telephone No.: +91(22) 3366 9000 Fax: +91(22) 2421 4521 Website: www.yesbank.in Email Id: [email protected] Notice to the shareholders Notice is hereby given pursuant to the applicable variation or re-enactment(s) thereof for the provisions of the Companies Act, 2013, and time being in force) and the rules, guidelines applicable rules issued thereunder (including and circulars issued by the Reserve Bank of any statutory modification(s) or re-enactment(s) India (‘RBI’), from time to time, and subject to thereof, for the time being in force) and other the approval of RBI on an annual basis, M/s M. applicable laws and regulations, that the P. Chitale & Co., Chartered Accountants, (ICAI Sixteenth Annual General Meeting (‘AGM’) of the Firm Registration No. 101851W), be and are Members of YES BANK LIMITED (the ‘Bank’) will hereby appointed, as the Statutory Auditors be held on Thursday, September 10, 2020 at 11:00 of the Bank, in place of the retiring Auditors, A.M., through Video Conferencing (‘VC’) / Other M/s. B S R & Co., LLP, Chartered Accountants Audio Visual Means (‘OAVM’), to transact the (ICAI Firm Registration No. 101248W/W- following business: 100022), to hold office from the conclusion of the sixteenth Annual General Meeting ORDINARY BUSINESS: until the conclusion of the twentieth Annual 1. To consider and adopt: General Meeting of the Bank to be held in the year 2024, at an annual remuneration/ a. the audited standalone financial fees as recommended by the Board and statements of the Bank for the financial given in the explanatory statement, with year ended March 31, 2020 and the a power to the Board/Audit Committee to Reports of the Board of Directors and alter and vary the terms and conditions of the Auditors thereon; and appointment, revision in the remuneration during the remaining tenure of four years, in b. the audited consolidated financial such manner and to such extent as may be statements of the Bank for the financial mutually agreed with the Statutory Auditors.” year ended March 31, 2020 and the Report of the Auditors thereon. SPECIAL BUSINESS: 2. To appoint and fix the remuneration of 3. To take note of appointment of Mr. Sunil Statutory Auditors: Mehta (DIN - 00065343) as a Non-Executive Director and Chairman of the Bank and to To consider and, if thought fit, to approve payment of remuneration pass the following Resolution as an Ordinary Resolution: To consider and, if thought fit, to pass, with or without modification(s), the following “RESOLVED THAT pursuant to the provisions Resolution as an Ordinary Resolution: of Sections 139 and 142 and other applicable provisions, if any, of the Companies Act, 2013 “RESOLVED THAT as per the ‘Yes Bank Limited (the ‘Act’) read with the Companies (Audit and Reconstruction Scheme, 2020’ notified by the Auditors) Rules, 2014, as may be applicable, Ministry of Finance, Government of India vide Section 30(1A) and other applicable provisions notification No. G.S.R. 174(E) dated March of the Banking Regulation Act, 1949 (including 13, 2020 appointment of Mr. Sunil Mehta any statutory amendment(s), modification(s), (DIN - 00065343) as Non-Executive Director designated as Non-Executive Chairman of the 4. To take note of appointment of Mr. Mahesh Bank w.e.f. March 26, 2020 till March 25, 2021 Krishnamurti (DIN - 02205868) as a Non- or until an alternate Board is constituted by Executive Director the Bank, whichever is later, be and is hereby noted by the members of the Bank. To consider and if thought fit, to pass with or without modification(s), the following RESOLVED FURTHER THAT pursuant to Resolution as an Ordinary Resolution: the provisions of Section 35B and other applicable provisions, if any, of the Banking “RESOLVED THAT as per the Yes Bank Limited Regulation Act, 1949, applicable provisions Reconstruction Scheme, 2020 notified by the of the Companies Act, 2013 along with Ministry of Finance, Government of India rules thereunder, Securities and Exchange vide notification No. G.S.R. 174(E) dated Board of India (Listing Obligations and March 13, 2020, appointment of Mr. Mahesh Disclosure Requirements) Regulations, 2015 Krishnamurti (DIN - 02205868) as Non- (including any statutory modification(s) or Executive Director of the Bank w.e.f. March re-enactment(s) thereof for the time being 26, 2020 till March 25, 2021 or until an in force), the rules, circulars and guidelines alternate Board is constituted by the Bank, issued by the Reserve Bank of India (‘RBI’), whichever is later, be and is hereby noted by Articles of Association of the Bank and the members of the Bank.” basis recommendation of the Nomination & Remuneration Committee, approval of 5. To take note of appointment of the Board of Directors of the Bank and Mr. Atul Bheda (DIN - 03502424) as a Non- approval of RBI received on May 26, 2020, Executive Director approval of the members of the Bank, be and is hereby accorded for the payment To consider and if thought fit, to pass with of following remuneration to Mr. Sunil or without modification(s), the following Mehta (DIN - 00065343) as Non-Executive Resolution as an Ordinary Resolution: Chairman of the Bank: (a) Salary : ` 25,00,000 per annum “RESOLVED THAT as per the Yes Bank Limited (b) Other : Sitting Fees as paid to other Reconstruction Scheme, 2020 notified by the allowances, if Non-executive Directors for Ministry of Finance, Government of India vide any attending the Board/Board notification No. G.S.R. 174(E) dated March 13, Committee meetings or 2020, appointment of Mr. Atul Bheda (DIN - other Bank related matters / 03502424) as Non-Executive Director of the meetings (c) Perquisite : Free use of Bank’s car for Bank w.e.f. March 26, 2020 till March 25, 2021 official purposes or until an alternate Board is constituted by Bank’s Car (Toyota Camry) the Bank, whichever is later, be and is hereby with driver, fuel, and noted by the members of the Bank.” maintenance expenses etc. on an actual basis. 6. To take note of appointment of Mr. Rama RESOLVED FURTHER THAT the Board Subramaniam Gandhi (DIN - 03341633) (including Nomination & Remuneration as an Additional Director appointed by Committee), be and is hereby authorized to do Reserve Bank of India all such acts, deeds, matters and things and to execute any agreements, documents and To consider and if thought fit, to pass with writings as may be required, with power to or without modification(s), the following settle all questions, difficulties or doubts that Resolution as an Ordinary Resolution: may arise in regard to the said appointment as it may in its sole discretion deem fit and “RESOLVED THAT as per the Yes Bank Limited to delegate all or any of its powers conferred Reconstruction Scheme, 2020 notified by herein to any Director(s) and/ or officer(s) of the Ministry of Finance, Government of the Bank to give effect to this Resolution.” India vide notification No. G.S.R. 174(E) 2 dated March 13, 2020 and Reserve Bank Bank of India, provisions of Section 161 of India’s order no. DoR.PSBD.No.8005 and other applicable provisions, if any, of /16.05.004/ 2019-20 and letter no. DoR.PSBD. the Companies Act, 2013, read with the No.8006/16.05.004/2019-20 dated March 20, Companies (Appointment and Qualification 2020, appointment of Mr. Rama Subramaniam of Directors) Rules, 2014 and other applicable Gandhi (DIN - 03341633), as an Additional rules, if any, SEBI (Listing Obligations and Director on the Board of YES Bank Limited Disclosure Requirements) Regulations, for a period of 2 years with effect from March 2015, Section 10A and other applicable 26, 2020 to March 25, 2022 or till further provisions of the Banking Regulation Act, orders from RBI, whichever is earlier, be and 1949 (including any statutory modification(s) is hereby noted by the members of the Bank.” or re-enactment thereof for the time being in force) and the rules, circulars and guidelines 7.
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