Notice of 10th Extra-Ordinary General Meeting

[/V Asset Reconstruction ComPany Limited
-
*r).ir-aro55st6.arm&r3.F*,orr-aosol32. EmoiL drcl@qmd @nlw.biE
rN rcoercr ddD Numb,l i !7490001?00nlcl67329
'wwEr6m
Noricc is hcrcby gllci rha! lhe lori [rtr]'ordinary Genetul M.cilna oi rhc Mcmbcre of d,e
Comp.ry willbe hed on Nrondr!, rh.2?'" dry ofJune.20l6 at l2:30 D.m, at llote Vivrntr
Anb,sxdo. (Txj). Sujnn Sntgh Park. SuDramlria Bhrrli Mrrg. Ne* Dclhi ro k.nsacr rhc
l.
lrcrcr\r
'n
{ulhoriseJ Shrrc Crtln!l of lhc Cumntn).
T)
considcr ard. if rlrousht lir, ro
rc$Lurion as SpeciaL ResoLution:
ljr$
Nnh or wlthour inodifcrrioncl. thc fo lowing
")IDSOI,VED THAT puEtranr to the povisionr of Sec(lotr 6l(l)(a) and other aPPli.ablc
prolhiotrs. if any. of rhe Companics Act. 20ll and subje.r ro $rc[ orher rules iramed
rfereunder as mar- be applksble the aulhorised slwc capiral or lhe Conpany bc and is
h'.cbJ, lncrcascd lrcm lts 20,00.00.000 (Rupccs lqenrt Cores Only) dividcd lnro
200,00,000(lsoCroretEqulrysharesofRs.l0/-each1oRs50.00.00,000(RtrpeesFifty
c ores onLt) divided into 5.00.00-000 (Fivcc.orcs) Dquilysha'€sofRs l0/-cach
" IESOLVDD FURIHER Tll^l dre Board of Dnccrou of tlre Cofrpant bc ard s
h rchy authorizcd todoallsuch acs.dccdsaDd II ngsas nlay bo ncccsary forgi!ingeJlect
:.
AmtnJn,cnr
'lr
r
rf \,trmor.,nJun.nd qflictr.,,f 4.rci.rion
considcr aDd.
il
thoughl fil,
lo pas trilh or rvilhou modification(t, $e lbloqirrg
50Lurion as SpccLall{csoLuuon:
RDSOLVED THAI puBuant ro rhe prcvlsions ofSedion ll rcad rvilh Sedion 6l and
her applcab c prcvisions of$c Companies Acr. 2011, CLause V ol rhc Mcmomndum ol
ssociarion ol rhc CompaDy be and is hctcby subsiiruted rnd r.td n utrder:
thc Atrrhorised Shat Capihl olihe Companl i\ Rs 30,00,00,000 (Rupccs Flli} Crorts
( nlr)d lidcd i o5.00,00.000{FivcC.oretEqrirtSharcsofRs l0/ each'
"RESOLVID FURI HEII TIIAT dre Board of D]rcclo^ oi$c Compar! be and is
h*cb! aurIorized roJo.llsuch acs.deedsud rhidgsas mrybe necc$ar! for 3i!irrg e1]ecl
coF'ofe:130'j304A,l3hF64c
3.
R, ising ofFurthe. Capirrt
T(
consider and if rhoushr fir to pass, wirh or wirhour nodific.rioD(s),
rhe toitowir)s
rc:orurion $ a speciatResoturton:
"FESOL\ FD
lttat
r \ir,
\..o.r.,.f
j..
in d..orddn
I e o.
\ctrior
02 ald orhc,
:1.'n
.
p,,
br!
\
n L r (orod,ic. , r. )ot,.,he, JTf nc.,.,a,!.dtiEl
an I Debcnruret Rutes, 20 .t N amendcd frcm rine
ro rine, the .lictes ofAssociarion oi
rh( Comp.ny. tIc rcgularions/gujdctines. fan]. prcsc.ibed bt.ny
fctevanl aurhoriries liom
lrne'olme, aid $bjecr lo a| such condnons and modificarions as ma, bc pfescf bod
or
imDsed while gmnring such lpprolat. lhe consenr oi rhe Cofr0any
ie a;d is hercby
as or'ied to lhe Boafd lo trdle, oflef. issr aid altor 2.62.50.000
cquny shafes (t\!o
Cryes SixrJ'Two Lacs FlhyThousand) equiry shaEs having s ra.e valuc
or Rs l0/-cach ar
a rrcnrum ol Rs. l0/- por share in one or nore rranches on preferDriat
a ormenr brsk io
3p1
L
m.
L
aaa 8m]o;,,
De€pali
92,
Pace, New
Building,
|00r9
Nchru
Dc hi-
Mr.
I ru.ther dratrheoiler, hsuc rnd aLtohremofrhedtoresaid cqrny
rme or rimes as thc Aoard
na, irr c
shares sha| be made
absoture discrerion decjde ttr comptj.nce Lvnh
I furlher th!l $e Bdad be and is hereLry aurIorized ro decide and approve fic orher
I condirions of.he issue of!he equir! shres and. so shaltbe enrirted ro vary. nrodit of
or such reflns and condiriors. in accordlnce *hh $c apptjcsblc laws, as ir ma, deefr
r- withotrt bcinC required ro seck aiy funher consenl or approv.t ofthe nembe6 ofrhe
Rcsolvol fur.hg rh,r r[e Uoafd be and
modiriqtiors. variaron\ and alremrions as
a0rhorir) fraysl ptrl.r in rhar behalf
hcrcb) lurhofzcd ro acccp! an, amcndfrcnrs.
Rescac Bank of India or an, olhef EsuLaror!
Resolvdl rurt[cr rhal rhe said equiq sharcs beins at]orrcd and to be s tored sha I ank pari
ofrhe Compary ln alt respecrs ar rhc lme ot! tolmenr. as
passu w lh the cxkrine equity sharcs
Resolvol furthcr thrt rhe nonies receivcd on xpptication stE
accoufi iLlxLlormenrofequirlshx.es.
I b. tcpr id a separate
bank
Resolve!l fu.lhcr
lhrt theCompanr- shlll!llor rhc cquir! sha.es within 60(Sixry) dats ftom rhe
rrcciprofapplicarior moncyand in case rhe Compntry is nor abte lo at or rhc cquitt shares !virhin
said perod of60{5xrt) days. ir shsll repay rhc applicdlion rnone}, $nhin t5(Fifteen) dlys
thcroalt$ !virhour an)] inrcren and ifdre compant Jaih ro .epay fte anroum wnhin atoresaid
fittccndqs.irshallrcpayrhermounrwirhlfigcn.4t2%p.a.forlhcdctbuLringpe.iod.
Resolvdl furthcr rhat rhc alLormerl ofeqtr ry shrtos rhatt be comptcrcd Nirhin t2 monrhs lrom
rhc dare
rlris reso dion. ifrhe altolnrenl ofcqtrirt sharts are no! conrpldcd $nhtn j period of
l2 moDtls lrcm dre dare ofthis msoLution, a ftesh cotrscnt ol$e shlreho deu shattbc obla ned.
t
I Furrhcr that fof $e purpose ofgivnS citcr 1o rhe !bo!enrcnrioncd rcsoturion, the
and is hcreb! authorzcd ro bke \uch srepsand ro do rtlsuch rcrs, deeds and rh n8s xs
d nr). n irs.bsourc discrctiof. consdcr necessary. exp.dicnr. usuat, prcper or
torhis rcso u(ior and scrlc .n], qu€{ior rcmovc ant diiiculry or doubr thar may arke
ne ir, rcli'ion ro rhc oncr, suc and i luh
tc cqtri') srures. or eds inn
#*\\
l{ kar, l!
W#/
r'
agem,:nts or orher i.srumenrs and b $ke such actions or give dir*tions as ir m.y consider
being n )cesary or destrbl€ and lo oblain any opp@vals. pe!frhsions, sanctions, which mal
nec.$'y
or desiBble, as rhey
mr, dem
fi1,
as
be
neesery, expedienr or desidble.
Resolr.d Furlher That Mi. A. K, Chadha, Monager or Ms. Shilpi shlrma. Dnedo! ofrhc
Compant beand is hercby authorized to sign and submir allneesery lormc) wifi rhe Resistrcr
olcompanies under el*tonic node unde! MCA 2l and lo rak€ such orher seps 6 d6y be
Fof indon BehlltottheBoard
For UV Asser R.construction Conprny Limited
Dat
.
r.rEab.,
)1,06,2016
6)
a>6-r'9
Ihe Expl.DNrory stotcnenr puKu,rt to
Section t02 of dre ConDanies Act,
rhich sctsoutdetrits
rehring io
SDeciNl
\.m.nbfl {rirhd b 3(rTtt rnd rorc rr rtrc mrrinS
h enrirhd
Incnd ard vor( in(crit or himsrrth(^crrend
rhc n;.\L r
a,
,,"]'"'r
;":llT'
;.;;
rr',,
201J.
Busincss!r are meering! isanncxed
th€rcr.
ro
!trpiiinr
,
nrdrJ ru
;;;l;;" ;::l il' ::J"ill':i ;'l[
".u,,.,"'"
ru houF brrorc ,hc
nrd ,or commenccncn, or ,h(
"""'" ""
'm.
c. lrembeE/Pr.xtrs dendng
:snrhecLrirh
D.
ro
rhe incerirs aE roqucned ro brineduJ)
Ulted aftndance rtips
!ficnd rhe mcortns.
ercpGed ro be mised !r Exka-odindr, ceno.at M*r,ns
n,ay b. senr ro
:'^u:Ts- a
',onoanr { rgihedof!.o
d,,!,..r\cr.aJ.Fo,ro
d{e ol Fr.V
r flat e r. rldl,ec 1er., r
.o; pi,, rt,c,et*,a .n.on,
r
on
!
rer.tr
,..""": ,'. .c J , Fi, .,u,,ro,w.d n.fE.,, r,. \r. d,( rcq.ejco ,o
l:,li:j
cnkd.!p) trt.cFtr,oRr.hr..1a{r.,-,r!kercp.c.er
rtr..roah(nd
E,
ric / \ro-urdind) CcfcdtMeerne
!_.
Vembe6 are requcjed ro m'i[ mJ (hin-se
rhc r rddre\, nrardie/ brn[ dqais
'n
in nediarell ro rhc C.mpany
C.
do.Ld{r.,etr,ed rc n h.d..^npairirgNor.e".drlet.ordldroq
rarenenr,hal
&
^A ops tor r.&or r
iT kgn ered nr!. uf k ohpar d .04. ) Loo.
)
DcopJri
New Dcrhi,,0. e ar a r worr<ing aays cxcepr sarujyi
:llllllgi:1, .i*,11!::.
bc
tl.
weo lt A.M..nd
2 p.M. up
1o
dE darc ol.tjxrm ordinlrl Cencral Meerina.
M imb€u hay aho nole thar Ihe Nor ce
ot$e to'i t1m Ord'nah CencEt MeeLnr \/tl
ar!o be svaitabtc on rhe companr's sebsire
wNty. urircl.con t.r rhctr doun oad
Thc
ph
copics ot $e arorcsald documenrs Nitl aiso
be avaitabc at rhe Codpanr- s
^rcEl
Erplaldron Slatemcnt.s reouir€d unders.ction r02otaFcombrniesAcr.'0tf
ITEM _ I
cd1o,.mianlar, R. /o,.re-d r.rdd-Ln.aprr ..R...325
..
;::1":l::1";"', j ;J:t; ;;j:: r"";';":;T_ T'.,- " s a " o-
l:"1:",; l--
:f ::
"...**.'
..r'
b,,';."".;:.i,,
;; il::l i:,"lTi':,l :j:;T.
il,. ?,T"-.'
"":,
)." 1 ::,:' :"li ;:l"llli i.::,.Iit;:;.i#.:?li;;'
l,:*; lil':*l;:il"]
'i:i;; J ti i::i:.1;:;,":;: ;t";; ,;*,i;.,i
i:#,T1 ii".;': :::T ,X
fri'^lliiJ
:1
t..l;" ;l ;r-
1,."*i1.i1l
--"*
".''.'.q. -" ""', i;
;;;'
TheB.md of DiEclo6.ecomtoerljsrhe resotution lbrappfovatotftesharehotde6.
lifi:l*i[.j:J"X]:
ITEM
isconcemcd
ffiJanagcria'pesoi,erandncirrerarivcs
o!
mgesled
-'
,,( \ rrDiry bmoo\c\ ro ,n.rJ\c rtr a..h.,i.cd.haiJ c.pila ol thc Company
from
r.2u' rcrc.bR .0.or. \h,h reqr . .Jhc, ,,o. in,h, 'Capira
Clause of Memorandunr
o, 1$((Lnon puFu.nr
ro
Sedinn
I I frhc Con pxni.s
A(L 2015 read lvirh Secrion 6t oirhe
,ent b, iDqc$e in aurhorkcd shsrc captk
of rhe campatry. I
:on*j
cx
slrne capiralclauscolde MoA ot$ecomparl
lhe Bo, rd
ofDirc.rn
r
nccessarl ro chanse rhe
rccdmmcnds ilre resoturion lb. appf.varotrhe shsrchotde6.
direcm md Kev Manageriat pcsonnet and lhcir rtralves 6 corccrned or rmeEsrcd
alove rclared rcsotution
Nonc ol the
'n
rhe
ITEM.
3
rpx.],ct'\(d.h celi". k of Re;i..,",..1
frcn pBt roromtrcle !d.)or.h"
'r'Jo' .o| . \?' ql's| Acl, ]oor o'
i.':''I: "1":'l'l'i'".",:" . J Tad) .'rn.d |. opcmr,
1s d d tu. a.eaJ) a,qu reo \oAs
.1. t3..5 r
l { B: 1r JFl\. lr.cnrtr Pi,o un Srfl sp rat r',c r,, npar)
(omorn\..
"r
(rca.e, \.iiu.i.cdshaE, df.;,". n...",,,,r. r, ro1a
n,roc,","
(m ,'1.. \ {.c. '1i. v't e'._1 ir.rcd.1L \c, uort ot r ie i onnrr
... keco,nl
,
Jlr-c.
rsr dh,) r dt kt \deqLa-\Raronht.td,ntE..ob_.ne.ssrc;t
F.i
i.qur.I not tdn.sld.jr.forrc,nt, .{onornrat.o.ieo.,p u1ebl.ire.,r..t
"h R",..
uc\ rca
/ ard ir aho in thc pbcess oflyjne up sonrc
borc bustness ro takc advanla!e
scenaro. In order ro cope up *rh rhe s,me.
company necd ro is&c |;h
Ihe p'cmored and orh$ peKons traoed in lhc .esoturior
.xpa$cd rhcr wi|insne$ ro
Dd.\. \in-.,h. u,rb. .
1::.'l:
p,ercr. th, dto.n rnr or cra,.. o I p,nd. ..acdrc..
oJ. . 1e pio\rroi\ of sr uo. o. and
Secrio,
rh! Compitrics Acr.20t:t ger atracred..lhc ronpanl wourd
nccd ro obl{in
,,12-of
4ppn. rl d h ! ve. o dc,. o .he i onoenr
b) p,, \ d,n!,eq,, rc trrorn.,ion a. oea.t(beor hrcugh rhis noriL(rs, p r/ated underrhc !Jid rtrt.s
.,,. or-( (onpr)
:"jul
The pn
sflr reshrion
:.::,.^i
l,:r':
1,:
is be trg
have
plsed
in orde! lo cnab c $e Iloard of Dnedors
olrhc Cofrpanl,
..rcrc..o, ,..,e or u.:. .o.ooo .o {,} ]€rc. rro c,or.
)
"',*"
dj equ.., lJfc\ uno-, \e!rio. r.2.
'
.
o/, h", onp,
.
ic.
a., -0,1
,r;
Wchn,ctaken tre.csrryrpprovatrvhcnelcrrequired
f.on Lt t.
lhe B.fi k ofli€ view thal rhe proposed issue of2.
62, 5l).0OO equily
SixtyTrc Lacs [i[]'lhousand) wjl be jn rhc hjs inkGn or recompatr]
tocomnendsrhe resolLrion lb. app.ovat ol.sharcho
dcr
b), \va)
nrae
dnd
ir
(.J.wo
Cbres
membe.sand
ofaspcciatrc$turion
Thesahemasp€c6ol rhc issucoflheaboveareasfotows:
(l)
)bj€cb ol rhc hsu.:
-
the ptrrpo* ol.rhc issuc of equir! shar.s otr preferc ial
.\rtonnonl basis is ro improve Nd wonh ard b jncrease
owned llnds ar a tcvel of
(s 100 cr.re or abovc. The incEased Nct worlh \vt ner
hclt Company b takc hore
ofmdrn ..ru in o,. 1(., I.o*rh d n rir.r..!c
AR.
trq..
,eor r.d d\ p. qal
Lpro.. r!r,c,ot. \(, r onh or 1. .00. ^.,L
9i idct
rorc, 01
lr'r*.
6
r
\
"
J
(2) _otdlnuhb.r orEquiiy Shares ro bc is$redr 2,62,5(),(]00
I ixr! T*o Lacs FiaryThotrssDd).
equir)r shares
(Tso Cores
(3) I rici'rgoatho issue: The hsuep.tcc
otrhc Equiry sh.fes shal bc
roaronly)rirhrhe&ccvrtue@Rs. t()/-eachar.prcmiuoof
,
rw:
ltue
rrtu
t r al aco be i.\ hd a. n. ru. rJ.t,,
Rs
ruFe" I ur)
o.
t).
!. t rl e t"c.
@Rs. t0/- ach md a prcm um ofRs. l0/ each baseo on a wruatotr ceflr|cale
obrainod l.om MA A ok Sinhat& C., Chadercd A.counranc
regardrngtrc pncc oJ lhe
(5
Relcvnnt dlte on rhc bAis ofwhich price h,s becn srnve{r: lhe
hff bsd ai. vcd aris Dcccmber23.20t5 (Dareofvatuarion rcpon).
(6)
Clas or cl,$ses or pcnons lo rvhoh thc rllotnent b
Droposcd to be older
arrormenr wllLbe made ro xvo ex sring shx.eholdc^ our
comp,iy and ro lirene$ bod!
otwh ch oic is
promorer
The
ofrhc
(7) Intcntion
Ofiel
of Prohotcrv Dircctore/kcy nanrgencnr De(ons ra subscribe to lhe
Ms. Shi pi Shanna. Director/pronorf has eNpresscd her lviltjngne$ ro strbscribe
(3) Pmposed rimc rvithiD rvhich rhc altotheDr sh. bc .onplelod:
lhc a tormenr $iLtbe
conplercd ( n onc or morc rraich6) s$ i Orc y@r lrom the dale ofresoluriotr pr$ed
at thc ErtB-Ordinafy Cctront t\,leering.
(9)NrrnB
ol lhe
Droposed Attoxccs
rnd lh. pcr!cnragc of
shareholdinS post
tl
804.
l
siE;;
$- cQ\
./Ya
,tht
19
l:,
{,9
B,iuk"[
Buildlne.
92,
Dclhi
-
00t9
Limired
(t0)
Thc change in conlrol,
prcfer.nri!lolfer: lhe
(
)
{2)
Ll)
E
E
consequenl to the
p.efere ial.lLohenr wittnor resuh tn any.hange ot'
Nunrberorpcrsons ro rvho'n altolncnt on Dr.tereniialbnsis hlvc alrcdy been m.de
during thc Iinancialymr 201516, in tcrms of nuDber ofsecurirics as {€ltrs pric€:
26,50.000 equil], sh!resailo ed otr prcfercmialbasis ro selen pc60nt bodtcoroorate ar
pn Le lts. l0r .trd 12.50.000 cqury sharcs ro rwo persdns a! pren um ie Rs.401
(incLrding prcmium ofRs.l0 each) dtrring rhc financill r"ear 2015-16.
Thejustificalion lor thc rllotment proposed to bc ndc ror consideralion otler ttran
cash togeiher rillr v!l!ltion rcport oltIc r€gtstercd Vrluci
Thc proposcd !Llolnrenr
(
if,try, in tlrc C.mn!ny rha|routd oc.or
proposed
hrobc
madc
in.xsh
Pre i$sucand posthsuciDroDoscd)shi.eholdingpaltcrn ollheCompany:
Promotca! Shrrehol'lina
o8.i8,250
ir.0)
f,
a;
lt
58.250
S,tTor"l -
[-
93,58.250
t,15,58,250
98,58,250
5.t,02
1,J5,53.250
34,00.000
18 61
1.100000
tr*
.10,47
N;E;ot;.hotdt,'c
Non- l"stirurio":
P,Ndc codorarc Bodi6
'rld;*"d
2
R.t"rtB
00,t0,000
0.05
0.02
,19,82,750
27.10
74.82.750
16.81
3l!41,750
45,98
3,0t,fi,750
69.53
r,82,50,000
r00_00
r00
]!1c']or.ndum olinlercsl:
The propo&d rcso urion docs nol
Corpatrt in rvhich rhe Promor$,
rhe bus nc$ intere$ of adl olher
or Key Mlra8erial Pe6onnct hrve
Non ) oi the Dir4lo6, Kcy Manageriat t,e6onrct & Retltives of$ee persons
are inrercacd
rn tfe pmposed resolurion excepr to $e exrnr otden hotding in rhe Compan]
ard ro rhe
exrcr rhey may paniciparc in rhesaid issuc.
For and on Bchallollhe Borrd
For UvAsser Reconsrrncrioi ComprDy Linited
D.le:01.06.20I6
JV ,A.sset Reconstruction ComDanv Limiled
"?att164N?,ArakhAa$t'
L'[email protected]'9,N!
L
:
N
+trrr-410555/6,1i033313,for O| 40501324 1 [no t i
lco@rcb der r Nlmb€d : u74900Dr2m7ftcr dzre
Io.n NaMcT-11
proxy torn
lPuert
to s{tkh t05(6) oJ the cohpanies
(Moho6me4t and Adnihtsnouu) Rt]/6, 20141
CrN:
lfrt @en @ w.!,r "4.wrct@n
A.t,
2013
drd tule
t9(,
o! the cohpa,ies
U 74900DL2007PLC16?329
Nrnc olthe conpony: uv Aser Reconslruction coftpany Linire,l
Rcgistc edOrficc: 70,1,DeepaliBuitding,92Nehtuptace,N€wDelhi-tlO0l9
......
r/ we..........................
Arq R:onqrdbn (ompary
t_t
2.
1
3.i
:
l2:10 Pl
BHART I MARG, NEW
trd..hotdir...
.........
.,beinB rhe
menbe{, or uv
....share.o ue
above namen
RMlrlions
ffi
d
AnicbsofAssmiation
ersrnE or runncr (;rprlrl
.....,,20t6
Sigtrolure ol Prexy botder(s)
NOTE:
l,
T
is fom of proxy i. ords
rgisler€d
2,
oIIe ofrh€ comptuy,
nor te$ thm 48 hou6 befor th,
Con;o@ne of
rlt isoprionalb pur a'X in rfe appmpriare6tumn
again$ rhe Rsoturion
th:bor. rr)o! leAe deiFd 4d ASairs @tumn btank acainsr my or ,tl
y(
3,
to be ctr@tive should be duly @mpleted srd d€posiled al th€
u pbxy will b€ enrilled !o vote in rhe mon€r 6
Plse
hdshe thinK appropnaE.
conplele all delaits inctuding dersits of otr membe(s) jn above
JV Asset Reconstruction Comoanv Lrmited
h!d'otrdJ01D@ifu|d4,9?,N!
al.: +tl-ll.{1055576,1r033313,Fd:011.40501321lEmdi urrl@gmoi
: N lco@6b dal Numb.4 : 749m 0L?007PLC r 67329
'l
omlw.6ietw!€rd.om
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