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BANK OF BARODA
Section of
Companies Act
Rights available to shareholders of a
company
Corresponding Provision* Rights available to
shareholders of a
Corresponding New Bank
169
To attend an extra-ordinary general
meeting.
Regulation 60
Regulation 60: Persons
entitled to attend general
meetings
(i) All directors and all
shareholders of the
bank shall, subject to
the provisions of sub-
regulation (ii), be
entitled to attend a
general meeting.
(ii) A shareholder (not
being the central
government) or a
director, attending a
general meeting shall
for the purpose of
identification and to
determine his voting
rights, be required to
sign and deliver to the
bank a form to be
specified by the
chairman containing
the particulars relating
to:
(a) his full name and
registered address;
(b) the distinctive number
of his shares;
(c) whether he is entitled
to vote and the
number of votes to
which he is entitled in
person or by proxy or
as a duly authorized
representative.
169
To requisition an extra-ordinary general
meeting.
Regulation 57
Regulation 57:
Extraordinary General
Meeting
(i) The chairman and
managing director or
in his absence the
executive director of
the bank or in his
absence the executive
director of the bank or
89
Section of
Companies Act
Rights available to shareholders of a
company
Corresponding Provision* Rights available to
shareholders of a
Corresponding New Bank
in his absence any
one of the directors of
the bank may convene
an extra-ordinary
general meeting or
shareholders, if so
directed by the board,
or on a requisition for
such a meeting having
been received either
from the central
government or from
other shareholders
holding shares
carrying, in the
aggregate not less
than ten percent of the
total voting rights of all
shareholders.
(ii) The requisition
referred in sub-
regulation (i) shall
state the purpose for
which the extra
ordinary general
meeting is required to
be convened, but may
consist of several
documents in like form
each signed by one or
more of the
requisitionists.
(iii) Where two or more
persons hold any
shares jointly, the
requisition or a notice
calling a meeting
signed by one or
some of them shall, for
the purpose of this
regulation have the
same force and affect
as if it had been
signed by all of them.
(iv) The time, date and
place of the extra
ordinary general
meeting shall be
decided by the board:
90
BANK OF BARODA
Section of
Companies Act
Rights available to shareholders of a
company
Corresponding Provision* Rights available to
shareholders of a
Corresponding New Bank
Provided that the
extraordinary general
meeting convened on the
requisition by the central
government or other
shareholder shall be
convened not later than 45
days of the receipt of the
requisition.
(v) If the chairman and
managing director or
in his absence the
executive director, as
the case may be,
does not convene a
meeting as required by
sub-regulation (i),
within the period
stipulated in the
proviso to sub-
regulation (iv), the
meeting may be called
by the requisitionist
themselves within
three months from the
date of the requisition:
Provided that nothing in
this sub-regulation shall be
deemed to prevent a
meeting duly convened
before the expiry of the
period of three months
aforesaid, from being
adjourned to some day
after the expiry of that
period.
(vi) A meeting called
under sub-regulation
(v) by the requisitionist
shall be called in the
same manner, as
nearly as possible as
that in which the other
general meetings are
called by the board.
91
Section of
Companies Act
Rights available to shareholders of a
company
Corresponding Provision* Rights available to
shareholders of a
Corresponding New Bank
169
To hold an extra-ordinary general meeting
if the board of directors fails to convene a
meeting on the requisition, within the time
limit stipulated.
Regulation 57
169
To have reimbursed, the expenses incurred
for convening/ holding the extra-ordinary
general meeting, on failure of the board as
aforesaid.
No corresponding provision.
171, 172
To receive a notice of every general
meeting.
Regulation 56
Regulation 56: Notice
convening an Annual
General Meeting
(i) notice convening an
annual general
meeting of the
shareholders shall be
published at least
twenty-one clear days
before the meeting in
not less than two daily
newspapers having
wide circulation in
India.
(ii) he time and date of
such meeting shall be
as specified by the
board. The meeting
shall be held at the
place of head office of
the bank.
173
To have the notice of a general meeting
annexed with an explanatory statement.
No corresponding provision.
174
To be counted for the purpose of
constituting a quorum at a general meeting.
Regulation 58
Regulation 58: Quorum of
general meeting
No business shall be
transacted at any meeting
of the shareholders unless
a quorum of at least five
shareholders entitled to
vote at such meeting in
person are present at the
commencement of such
business.
176
To appoint a proxy to attend and vote at a
general meeting of a company.
Regulations 68 and 70
Shareholders can attend
and vote personally and
through proxy.
176
To inspect the proxies lodged with the
company in the manner specified.
No corresponding provision.
92
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