Date: 2014-03-27Category: Extra OrdinaryState: Union GovernmentCountry: India
State Bank of Travancore will be held on Monday the 28th April, 2014 at 11 AM in the AKG Memorial Hall, Gashouse junction, Palayam, Thiruvananthapuram, 695034 to transact the following business.
Executive Summary:
This document is a notice regarding a General Meeting of the Shareholders of State Bank of Travancore to be held on April 28, 2014, at 11 AM in Thiruvananthapuram. The purpose of the meeting is to consider and pass resolutions related to the issuance of equity shares on a preferential basis to the State Bank of India. The key resolution involves seeking shareholder consent for the Board of Directors to proceed with the equity share issuance.
Key Points / Main Content:
General Meeting Details:
* A General Meeting of the Shareholders of State Bank of Travancore will be held on April 28, 2014, at 11 AM in Thiruvananthapuram.
Resolution for Equity Share Issuance:
* The meeting will address a special resolution regarding the issuance of equity shares.
* The resolution is pursuant to the State Bank of India Subsidiary Banks Act, 1959, and related regulations.
* The resolution is subject to approvals from the Reserve Bank of India (RBI), Government of India (GOI), Securities and Exchange Board of India (SEBI), and other relevant authorities.
* Shareholder consent is sought for the Board of Directors to issue equity shares.
Terms of Equity Share Issuance:
* The Board is authorized to issue Equity Shares of Rs. 10 each for cash.
* The price will be determined by the Board according to SEBI ICDR Regulations.
* The issuance will be up to Rs. 385 crores, including premium, on a preferential basis to the State Bank of India.
* The relevant date for determining the issue price is March 28, 2014.
Equity Share Ranking:
* The new equity shares will rank equally with existing shares.
* The shares will be entitled to dividends.
Board Authority:
* The Board has the authority to accept modifications required by regulatory bodies.
* The Board is authorized to take necessary actions and execute documents for the equity share issuance.
* The Board can delegate its powers to committees, the Managing Director, or other officers.
Impact Analysis:
Shareholders of State Bank of Travancore:
Impact: Required to consider and approve resolutions regarding the issuance of equity shares on a preferential basis. Their approval is needed for the Board of Directors to proceed with the issuance.
Action Required: Attend the General Meeting on April 28, 2014, and vote on the resolutions.
Board of Directors of State Bank of Travancore:
Impact: Empowered to create, offer, issue, and allot equity shares subject to shareholder approval and regulatory compliance. They are responsible for determining the issue price and ensuring adherence to regulations.
Action Required: Obtain necessary approvals from regulatory bodies, determine the issue price, and proceed with the issuance of equity shares upon shareholder approval.
State Bank of India:
Impact: Set to receive equity shares on a preferential basis.
Action Required: Await the outcome of the shareholder vote and regulatory approvals, and proceed with the investment as agreed upon.
Regulatory Bodies (RBI, GOI, SEBI):
Impact: Responsible for reviewing and approving the equity share issuance, ensuring compliance with relevant regulations and guidelines.
Action Required: Review the proposal and provide necessary approvals, consents, and sanctions, potentially prescribing terms, conditions, and modifications.
Key Entities Referenced
State Bank of Travancore: An associate bank of the State Bank of India, holding a general meeting of shareholders.
State Bank of India: The parent bank of State Bank of Travancore, and a recipient of preferential share issuance.
Thiruvananthapuram, Kerala: The location of the head office of the State Bank of Travancore and the venue for the general meeting.
Reserve Bank of India: A regulatory authority requiring approval for the resolutions.
Securities and Exchange Board of India: A regulatory authority requiring approval for the resolutions.
State Bank of India Subsidiary Banks Act, 1959: The act under which the resolutions are being passed.
State Bank of India Subsidiary Banks General Regulations, 1959: Regulations relevant to the resolutions being passed.
SEBI Issue of Capital and Disclosure Requirements Regulations, 2009: Regulations governing the issue of capital and disclosure requirements.
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EXTRAORDINARY
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PART III—Section 4
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एक िवशेष संक.प के 0प म(, पा%रत करने के िलए:
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आव?यकता+ का िनग(cid:13)मन) िविनयम 2009, यथा संशोिधत (सेबी आईसीडीआर िविनयम) एवं भारतीय %रज़व(cid:13) ब(cid:19)क एवं अ(cid:6)य सभी
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"बोड(cid:13)" कहा जाएगा, को एत(cid:14)ारा यह सहमित दी जाती है िजसम( यह समझा जाएगा (cid:30)क इस संक.प के Bारा "दK शि-य(cid:27) सिहत अपनी
शि-य(cid:27) का "योग करने के िलए धारा 25 के अधीन ग%ठत, भारतीय (cid:15)टेट ब(cid:19)क (समनुषंगी ब(cid:19)क) सामा(cid:6)य िविनयम, 1959 के िविनयमन 38
के साथ प%ठत ब(cid:19)क के बोड(cid:13) क(cid:28) काय(cid:13)कारी सिमित म( शािमल (cid:30)कया जाएगा।) : -
1372GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
"भारतीय (cid:15)टेट ब(cid:19)क" को वरीयता के आधार पर (cid:3)पये 385 करोड़ ("ीिमयम सिहत) सेबी आईसीडीआर िविनयम के िविनयम
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आगे यह संक.प (cid:30)कया जाता है (cid:30)क बोड(cid:13) को मू.य िनधा(cid:13)रण सिहत "(cid:15)ताव म( कोई संशोधन, जैसा भी अपेिOत है या भारत सरकार
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को (cid:15)वीकार करने का "ािधकार या अिधकार ह।ै ”
आगे यह संक.प (cid:30)कया जाता है (cid:30)क इस संक.प को लागू करने के िलए, बोड(cid:13) उन सभी कृRय(cid:27), िवलखे (cid:27), मामल(cid:27) और चीज(cid:27) को
करने के िलए "ािधकृत है जो उसके (cid:15)विववेक के अनुसार आव?यक, उपयु- एवं वांछनीय समझे जाएंगे, वह (cid:30)कसी "T, क%ठनाई या संदेह,
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जो आव?यक, वांछनीय या उिचत हो और जो उसके िववेकानुसार उपयु- या वांछनीय हो और िजनके िलए शेयरधारक(cid:27) क(cid:28) सहमित या
(cid:15)वीकृित लेने क(cid:28) आव?यकता नहW ह,ै या मान िलया जाएगा (cid:30)क शेयरधारक(cid:27) ने इस संक.प के "ािधकारी Bारा X- तRसंबंधी अपनी
सहमित "दान कर दी ह।ै ”
आगे यह संक.प (cid:30)कया जाता ह ै(cid:30)क बोड (cid:13)को एत(cid:14)ारा अपनी सम(cid:15)त या (cid:30)कसी एक शि- को ब(cid:19)क के िनदशे क(cid:27) क(cid:28) (cid:30)कसी सिमित,
"ब(cid:6)ध िनदशे क या अ(cid:6)य अिधका%रय(cid:27), जैसा भी उिचत समझा जाए, को "Rयायोिजत करने का भी "ािधकार होगा।”
जीवनदास नारायण, "बंध िनदशे क
[ foKkiu&III@4@vlk.@356@13]
STATE BANK OF TRAVANCORE
(Associate of the State Bank of India)
(HEAD OFFICE: THIRUVANANTHAPURAM)
(SHARES AND BONDS DEPARTMENT)
NOTICE
Thiruvananthapuram, the 26th March, 2014
Notification No. 05 of 2013 – 14.—NOTICE IS HEREBY GIVEN that a General Meeting of the Shareholders
of State Bank of Travancore will be held on Monday the 28th April, 2014 at 11 AM in the AKG Memorial Hall,
Gashouse junction, Palayam, Thiruvananthapuram, 695034 to transact the following business:
To consider and if thought fit, pass with or without modification(s), the following resolutions(s) as a special
resolution:
“RESOLVED THAT pursuant to the provisions of the State Bank of India (Subsidiary Banks) Act, 1959
(hereinafter referred to as the ‘Act’) read with the State Bank of India (Subsidiary Banks) General Regulations, 1959 and
subject to the approval, consent and sanction, if any, of Reserve Bank of India (RBI), Government of India (GOI),
Securities and Exchange Board of India (SEBI), and /or any other authority as may be required in this regard and subject
to such terms, conditions and modifications thereto as may be prescribed by them in granting such approvals and which¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3
may be agreed to by the Board of Directors of the Bank and subject to SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2009, as amended (SEBI ICDR Regulations) and Regulations prescribed by RBI and all
other relevant authorities from time to time and subject to the Listing Agreements entered into with the Stock Exchanges
where the equity shares of the Bank are listed, consent of the Shareholders of the Bank be and is hereby accorded to the
Board of Directors of the Bank (hereinafter called “the Board” which shall be deemed to include the Executive
Committee of the Bank’s Board constituted under section 25 of the Act read with Regulation 38 of the State Bank of
India (Subsidiary Banks) General Regulations, 1959, to exercise its powers including the powers conferred by this
resolution):-
to create, offer, issue and allot such number of Equity Shares of Rs.10 each for cash at such price to be
determined by the Board in accordance with Regulation 76(1) of SEBI ICDR Regulations, aggregating to the
tune of up to Rs. 385 crores (including premium), on preferential basis to the “State Bank of India”.
RESOLVED FURTHER THAT in case of preferential issue of equity shares, the Relevant date for
determination of the Issue Price is 28th March, 2014. in accordance with the SEBI (ICDR) Regulations.
RESOLVED FURTHER THAT the Equity Shares to be offered and allotted by way of Preferential issue as
may be approved by Government of India and Reserve Bank of India shall rank pari-passu with the existing equity shares
of the Bank in all respects and shall be entitled to dividend declared, if any, in accordance with the statutory guidelines
that are in force at the time of such declaration.
“RESOLVED FURTHER THAT the Board shall have authority and power to accept any modification in the
proposal as may be required or imposed by the GoI/RBI/SEBI/ Stock Exchanges where the equity shares of the Bank are
listed or such other appropriate authorities at the time of according / granting their approvals, consents, permissions and
sanctions for the issue, allotment and listing thereof and as agreed to by the Board.”
“RESOLVED FURTHER THAT for the purpose of giving effect to the above, the Board be and is hereby
authorized to take all such actions and do all such acts, deeds, matters and things as it may in its absolute discretion deem
necessary, proper and desirable and to settle any question, difficulty or doubt that may arise in regard to the issue of the
equity shares and further to do all such acts, deeds, matters and things, finalize and execute all documents and writings as
may be necessary, desirable or expedient as it may in its absolute discretion deem fit, proper or desirable without being
required to seek any other consent or approval of the shareholders or authorize to the end and intent that the shareholders
shall be deemed to have given their approval thereto expressly by the authority of this resolution”.
“RESOLVED FURTHER THAT the Board be and is hereby authorized to delegate all or any of the powers
herein conferred on it, to any Committee(s) of Directors, the Managing Director or such other officer(s) of the Bank as it
may deem fit to give effect to the aforesaid Resolution.”
JEEVANDAS NARAYAN, Managing Director
[ ADVT. III/4/Exty./356/13]
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.