NIFTY TIPS

Dena Bank NSE NOTICES

Dena Bank has informed the Exchange that: "In exercise of the powers conferred by sub-section (2A) of Section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Government of India, in consultation with the Reserve Bank of India has increased the Authorised Capital of the Bank from Rs.1500 crores (Rupees One thousand five hundred crores) to Rs.3000 crores (Rupees Three thousand crores). The notification to this effect had been issued by Government of India vide Notification dated 10th November, 2009 which is published in the Gazette of India: Part II Sec. 3, sub-sec. (ii) on 21.11.2009 vide S. O. No. 3123 and 3124".

Source: NSE
Courtesy moneycontrol.com

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Dena Bank NSE NOTICES

Dena Bank has informed the Exchange that "In exercise of the powers conferred by sub-section (3)(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 / 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government vide notification No.F. No.9/22/2006-BO-I dated December 31, 2007 had nominated Shri M.Surya Naik, as a part time non official Director on the Board of the Bank, for a period of two years from the date of notification or until further orders, whichever is earlier. As per above notification, the term of Shri M. Surya Naik ceases as a Director on the Board of the Bank from 31/12/2009".

Source: NSE
Courtesy moneycontrol.com

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Dena Bank BSE NOTICES

Dena Bank has informed BSE that in exercise of the powers conferred by sub-section (3)(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 / 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980 the Central Government vide notification dated December 31, 2007 had nominated Shri M. Surya Naik, as part time non official Director on the Board of the Bank, for a period of two years from the date of notification or until further orders, whichever is earlier. As per above notification, the term of Shri M. Surya Naik ceases as a Director on the Board of the Bank from December 31, 2009.

Source: BSE
Courtesy moneycontrol.com

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