Bank of baroda

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
227
To be reported upon the accounts, balance
sheet, profit and loss account, etc by the
auditors of the company.
Section 30(2), Banking
Regulation Act, 1949.
The auditor shall discharge
the duties and be subject
to the liabilities imposed on
auditors of companies by
Section 227 of the
Companies Act, 1956.
This provision is applicable
to corresponding new
banks by virtue of the
provisions of Section 51 of
the Banking Regulation
Act.
230
To inspect the auditors’ report at the general
meeting where it is laid.
Section 10 A
250
To apply to the National Company Law
Tribunal to impose restrictions on shares,
debentures or to prohibit transfer thereof in
certain cases.
No corresponding provision.
257
To stand for election for directorship at a
general meeting.
Section 9(3) Regulation 63
Regulation 63: Directors to
be elected at general
meeting -
(i) director under clause
(i) of sub-Section (3) of
Section 9 of the Act
shall be elected by the
shareholders on the
register, other than the
central Government,
from amongst
themselves in the
general meeting of the
bank.
257
To give notice to the company for proposing
a resolution at a general meeting to have
himself or any other person elected as a
director.
Regulation 65
Regulation 65: Nomination
of candidates for election
(i) No nomination of a
candidate for election
as a director shall be
valid unless,
a.
he is a shareholder
holding not less than
100 (one hundred)
shares in the bank;
b.
he is on the last date
for receipt of
nomination, not
disqualified to be a

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