is there any rule for remuneration resolutions which states that promoter entity cannot vote ? Weird that they did not vote on this resolution but voted on the rest of them.
Not an expert on this but I don’t think there is any rule against voting (based on a web search). I guess they decided to not vote on principle as they are an interested party.
I am not happy with this resolution also-
RESOLUTION 6: Approval for giving of loans, guarantee or security to any person in whom any
of the Director of the Company is interested under Section 185 of the Companies Act, 2013
Yes I thought this was a bad sign but then I saw the details of it in the AGM notice. It states allowing giving loan or guarantee for any loan taken specifically by M/s Kameda LT Foods (India) PL upto Rs.20 Crores, only for business activities. This seems okay to me.
Page 4 of https://www.bseindia.com/xml-data/corpfiling/AttachHis/b5baa352-2627-4167-8be6-b360ca3649bc.pdf
Subscribe To Our Free Newsletter |