• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, July 27 The annual general meeting of Birla Corporation on Monday was adjourned without taking up any item on the agenda for discussion.

The adjournment proposal was approved through ballot by majority of the shareholders.

The meeting was to consider and adopt audited balance sheet of the company for 2008-09, consider dividend proposal, revision in remuneration of the company’s CEO, reappointment of three directors and appointment of auditors.

Complying with the Company Law Board order on July 23, directing Mr Harsh Vardhan Lodha, Chairman of the company, not to preside over the AGM, an independent director was elected through ballot to chair Monday’s AGM.

Meanwhile, according to a company note, the Supreme Court on Monday directed the Calcutta High Court to hear the company’s appeal against the CLB order on Tuesday.

The High Court also is scheduled to hear on Tuesday an appeal by Rameshwara Jute Mills, a B K Birla group managed company, holding 280 shares or 0.0003 per cent voting rights in Birla Corporation, demanding freeze on the voting rights of the promoter group’s shareholding of 62.97 per cent in Birla Corporation.

More Stories on : Courts/Legal Issues | Corporate Disputes

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line