Bank of baroda


Approvals applied for and pending approval



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Approvals applied for and pending approval
1.
The Bank has applied to the Registrar of Trademarks, Ahmedabad in Form 51 dated May 16, 2005 for the registration
of the logo, who has vide its examination report dated June 15, 2005 accepted the said application and has
granted the number 1359836 – 16 and 36 to the said application.
2.
We have obtained approvals from RBI for opening branches at Houston, USA and Hong Kong and for opening an
offshore banking unit at Singapore. We have applied for approvals from the concerned host country regulators and
the same is pending as of date.


332
BANK OF BARODA
OTHER REGULATORY AND STATUTORY DISCLOSURES
Authority for the Issue
Our Board of Directors has authorised a fresh issue of up to 90 million Equity Shares of Rs. 10 each pursuant to a
resolution passed at its meeting held on September 12, 2004. Our shareholders subsequently authorised the fresh issue
of up to 90 million Equity Shares of Rs. 10 each, by a resolution passed unanimously at the EGM of our Bank held on
January 4, 2005, subject to the approval of the GoI, the RBI, SEBI and other applicable authorities.
Our Bank applied to the GoI for its consent to a fresh issue of up to 90 million Equity Shares by its letter bearing number
BCC:CMD:96:956 dated September 21, 2004. The GoI, Ministry of Finance, Department of Economic Affairs (Banking
Division) has granted its approval for the present Issue of 71,000,000 Equity Shares, Letter no. F.No.11/31/2004-BOA
dated February 11, 2005, inter alia on the conditions that the holding of GoI shall not fall below 51% at any point of time
and allotment to Non-Residents, if any, will be subject to the prior approval of the Exchange Control Department of RBI
and should be within the ceiling of 20% of the paid-up capital or any lower ceiling that may be notified by the Government
of India under sub-section (2D) of the Section 3 of the Bank Acquisition Act.
Our Bank has applied to the Chief General Manager, Foreign Exchange Department (Foreign Investment Division) by
letters dated August 24, 2005 and August 29, 2005 seeking approval of the RBI to issue Equity Shares under this Issue
to the public including NRIs and FIIs with repatriation benefits. The RBI has through its letter FE.CO.FID/4781/
10.02.40(9107)/2005-06 dated September 2, 2005, permitted the Bank to issue shares to non-residents (except erstwhile
OCBs) with repatriation benefits out of the present Issue of Equity Shares of Rs. 10 each aggregating to a face value of
Rs. 710 million. The permission is subject to ensuring that the post Issue non-resident equity holding in the Bank shall not
exceed 20% of the post Issue paid up capital. The permission is further subject to conditions laid down by the Government
of India in their approval F.No.11/31/2004-BOA dated February 11, 2005, conditions prescribed by SEBI and terms and
conditions for issue of shares as stipulated in Schedule 1 and 2 to RBI Notification No. FEMA.20/2000-RB dated May 3,
2000, as amended from time to time.

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