Air breathing and respiratory adaptations in diver animals
Rbi vigilance reply
1. v. Frdm:
T.R.B handari
Gulab Vatika, Paota B Road,
Jodhpur( Raj)- 342 010.
i * I ' ' j 1 l : ' ' '
To,
JointS ecretar(yF l& CVO)
Ministroyf FinanceD, epartmenotf FinanciaSle rvices,
RoomN o9 tJ, eevanD eepB ui ldingP,a r l iameSnt reet ,
NewD elhi .1- 100 01.
KindA ttnS hriA nuragJ ain
Dt 07-04-2.014
Sub:C omprlaiinnt t he mattero f FirstL easingC ompanoy f IndiaL td.R eplyb y
Mr.A MadhavanG eneraMl anagerR, eserveB anko f IndiaC hennabi earing
No.D NBS(CHE9) /615 /31. 23.51312013D-t1.M4 arhc262,0 14. .
Dear Sir,
Ther eplyt o the abovei s a tacita dmissioonf documentssu bmittewd itht he
complainmto rep ar t icularl leyt tenr o.D NBS( CHE)1512113.23.51312D0t1. 3-1,1
Sept 13, 2013 from ReserveB ank of India,C hennaia ddressedto the
ManagingD irectoFr irstL easingC ompanyo f lndiaL td.W hereinit hasb een
categoricalolyb serveda nd heldt hat "thel nspectionre vealedth e Company
has been over several Years falsifyingi fs books of accountsa nd other
financiasl tatementtsh erebyp orlrayinga positiveN etworthT. heC ompanyh' as
negativen et ownedf undsa nd hasb eeni ncurringl ossesy ear on year."
It is to be noted:
Thato nlyR eserveB anko f Indiai s empoweredto act in termso f Chapter
V of the RBI Act, 1934.T here is no otherr egulatorya uthorityp roxirnate
enoughw i thN on-BankinFgi nanciaCl ompanieisn termso f supervisioans
the RBl,w hichi s elaboratedin thef orthcominpga ragraphs.
Thatp riort o elaboratintgh e roleo f RBIw ithr especto NBFCSi,t wouldb e
appropriateto state that M/s. First LeasingC ompanyo f India Ltd may
appropriatelbye treateda s a deposit akingN BFCf or the purposeso f this
deliberatione,s peciallyb earingi n mindt hat its conversionto Category'B'
happenedo nly duringl ate March,2 013.E ven otherwises, incet he ersset
sizeo f thisc ompanyi s moret han Rs. 100 crores,i t shal lb e counteda s
Non-DeposAitc ceptingS ystematicalllmy portanNt BFC.
1 )
2)
Page 1 of 11
2. 3) ThatC hapterll lB of the RBIA ct, 1934d ealsw ith'Provisionrse latingto
Non-Banking Financial lnstitutions Receiving Deposifs and Financial
lnstitutionAs''.f inanciailn stitutionis' definedv ideS ectiona 5-l(c)o f theR BI
Act, 1934w hile sub-clause(0 of Section4 5-l definesa 'non-banking
financiaclo mpanyW'. hiled eposiat cceptincgo mpanieasr e clearlyw 'ithin
the purviewo f thisd efinitioonf non-bankinfgin ancec ompanyt,h e same
alsoc learlyc oversw ithinit sa mbita financiainl stitutiolent tingo r delivering
of any goodst o a hireru ndera hire-purchasaeg reemenfw, hichi s the
primaryb usinesosf M/s.F irstL easingC ompanoy f IndiaL td.r egardlesosf
whetheirt acceptsd epositosr not.
Thata n NBFCc annotc omei ntoe xistenceo r even be so calledi l not
registereidn termso f Section4 5-lAo f the RBIA ct,1 934a fterf ulfillintgh e
conditionms entionedth ereina nd applyingfo r registratiowni th the RBl.
TheR BIe njoysv astp owersv ideC haptelrl lBo f the RBIA ct,1 934w, 'hich
by effecto f Section4 5Qh asa n overridinegf fecto vera ll otherl awsf ort he
timeb eingin force.T hep owerse njoyedb y theR BIu ndert hisC haptear re
summarizehde reinb elow:
a. Powert o regulateo r prohibiits sueo f prospectuosr advertisernent
solicitindge positosf money( Sectio4n5 J).
b. Powerto determinpeo licya ndi ssued irection(sS ectio4n5 JA)
c. Powerto collecitn formatio(nS ectio4n5 Ka ndS ection4 51).
d. Powerto prohibiatl ienatioonf assets(S ectio4n5 MB).
e. Powetro filew indingu pp etitio(nS ectio4n5 MC).
f. Powerto inspec(tS ectio4n5 N).
5) Thata reciprocasle t of dutiesh aveb eenp lacedu ponN BFCsa ndt heir
auditorvsi deS ection4s5 Ma nd4 5MAt o furnishd esiredin formatioton the
RBI.
6) That it woulds ufficet o mentiont hat neitherS EBI nor any authorityu nder
the CompaniesA ct, 1956e njoyss uchv astp owersw ith respect o NBFCs.
Chapterl llB has been held to be a self-containecdo de and has been
understoodto havea n overridinge ffecto vert he CompaniesA ct, 1956b y
the Hon'ble Supreme Court in M/s. lntegrated Finance Company Lt,C v
ReseryeB anko f lndia( CiviAl ppealN o.5 505-5508o f 2013).
4)
Page 2 of 11
3. 7) Thati n ordert o furthesr ubstantiautep ont hec loses upervisiothna tt heR BI
exercisesu pon NBFCs,e speciallyth ose acceptingd epositso r those
systematicailmly portanto,n e coulds implyt akea looka t the numbero f
circularsis sued by the RBI to these NBFC requiringt hem to file
monthly/quarterly/half-yearly/raentnuurnasli n relationt o their finarrcial
healtha nds oundf unctionintgh,e l atesot nei nt hisr egardb einglh e Master
circular-Returtnos be submittedb y NBFCsd atedJ uly 1, 2013 l-his
exerciseo f closec ontroal nd supervisiocna n be furtheru nderstoobcyl
various other circulars including but not limited to Master Circular-
Miscellaneoulnss tructionfos NBFC-ND-Sda/ tedJ uly1 , 2013.I n factt he
WorkingG roupo n the /ssuesa nd Concernsin the NBFCS ecfor( Reserve
Banko f lndia,A ugus2t 011)c learlya dmittedth att he RBIh ads etupl coth
on-sites upervisioann do ff-sitesu rveillancfoer N BFCS.
Thati n view of the above,i t is cleara nd apparentth at if therei s any
statutorayu thoritwy hichi s in closec ontrool f an NBFCa s biga s M/s First
LeasingC ompanyo f IndiaL td. ,i t wouldb e the ReserveB anko f India.
Accordinglyth, ere existsa clearp rimaf aciec ase to the effectt hat this
scamw, hosem agni tudies moret hanR s.1 600c roresa ndw hichi,n w ords
of the RBIi tselfh as beeng oingo n for manyy ears,c ouldn ot haveb een
possiblwe ithouct onsciouisn volvemeannt dc onnivancoef ther esponrsible
officialosf the RBIf ory earst ogether.
It woulda lsob e appropriatteo notet hatw hilet he RBIh asg iveni tseltfh e
creditth ati t discoveretdh ef actumo f scami n M/s.F irstL easingC ompany
of IndiaL td., it has clearlyf ailedt o establisha s to why was it not
discovereeda rliera t a smallerm agnitudea nd how was its discoverY
suddenlmy adep ossibleo nef ine day?l t was seemingldyo ned uet o the
brave act of one or more uprighta nd honest inspectingo ffir:ers.
Furthermorwe,h ent he scamw as discoveredh,o wc ouldt he RBIc hange
statuso f registratioonf M/s.F irstL easingC ompanyo f IndiaL td.f or the
samef inanciayle ara st hey earo f discoveroyf f actumo f scam
TREATMENOTF FRAUDSIN NBFCSB Y RBIA NDC HAPTERV OF THE
RBI ACT, 1934:
10) Thata t thev eryo utseat ndp riorto discussintgh er egulatorfyra mevvork
prescribebdy t heR BIi tselrf egardinfgra udsb yo r in NBFCsa ndp enal
actionu nderC hapteVr of theR BIA ct,i tw ouldb e appropriatoe t akea
goodl ooka t thef actsa ndc ircumstancoefs t hec ase.
B)
e)
Page 3 of 11
4. 11) Thatt he text of the prohibitoroyr derd atedS eptembe1r 3, 2013 is
beingp lacedb elowa gainstth et exto f Section5 8B(1o) f the RBIA ct,1 934
anda clearr eadingo f botht ogethesr hallg o on to clearlys howt hatt he
RBIs houldh avep roceedeadg ainstth oser esponsibilne termso f Chapter
V of theR BIA cta s soona st hiso rderw asi ssued:
Para. 2 of the Order of RBI:
The inspectionr evealedt hat the
company has been over several
years falsifying its books of
accounts and other financial
statements,t herebY PortraYirtga
positive net worth. The company
has negative net owned fund
(NOF) and has been incurring
losses year on year. The companY
has also been vrolating the
ReserveB ank's regulat ionsa nd
reportingf alse informationin its
regulatorreyt urns.
Sect ion5 8(BX1) :
Whoever in any aPPlication,
declaration, return, statement,
informationo r particularsm ade,
requiredo r furnishedb Y or under
or for the Purposes of any
provisionosf thisA ct,o r anYo rder,
regulationo r directionm ade or
given thereunder or in any
prospectus or advertisement
issuedfo ro r in connectiowni tht he
invitation by any Person, of
depositso f moneyf romt he Public
wilfullym akesa statemenwth ichi s
false in any material particular
knowingit to be false or wilfullY
omitst o makea materiasl tatement
shall be punishable with
imprisonmenfot r a termw hichm aY
extend to three years and shall
alsob e liableto fine.
12) Thata barep erusaol f the abovec learlys howst hatt herei s no rational
justificatiofno r the RBI to delayp rosecutiopnr oceedingus nderC hapterV
of the RBI Act. In its replyt o a writ petitionfi ledi n this regardb eforet he
Hon'bleR ajasthanH ighC our t ,t he RBIh ast akens hadeu ndert he garbo f
appointmenot f speciala uditors( whosei nterimr eporth as conspicuously
beenh iddenf romt he Hon'bleC ourta nd not presenteda longw itht he reply
to the writ petition)H. owevers, peciala uditi n termso f Section4 5MA(3)o f
the RBI Act has no bearingo n the inactionin termso f ChapterV for the
followingre asons:
a. The inspectionc arriedo ut in termso f Section4 5N of the RBI Act
already establishedt he requisitei ngredientso f the offensr:s o
def inedu nderS ect ion5 88(1) ,w hichi s conclusivelpyr ovedb y l lBl 's
own prohibitoroyr dera nd pressr elease.
Page 4 of 11
5. b. lt is not the job of the RBI to affix responsibilitoyf an offernse
committed under Chapter V of the RBI Act where offenses are
committedb y Companiess, incei n termso f SectionS BCo f the RBI
Acl,'every personw ho, at the time the contraventiono r defaultw as
committed, was in charge of, and was responsible to, the Cam[)any
for the conduct of the business of the company, as well as the
company, shall be deemed to be guilty of the contraventrotto r
defautt and shatt be tiable to be proceeded against and puni:;hed
accordingly.T' he same provisionf urther warrantst hat 'wheret an
offence under this Act has been committed by a company and it is
proved that the same was committed with the consent or conntvance
of or is attributable to any neglect on the part of, any director,
manager, secretary, or other officer or employee of the company.
such director, manager, secretary, other officer or employee 9@l
also be deemed to be guilty of the offence and shall be liable tc be
proceededa gainsta nd punisheda ccordingly.S' peciala uditt hus has
no legitimateb earingo r purposein so far as actionu nderC hapterV
is concerned.
13) Thati n viewo f the abovem andatoryp rovisionos f ChapterV of the RBI
Act, 1934,c leara nd mandatorya ctions houldh aveb eent akenb y the RBI
in accordancew ith the provisionsth erein,a nd the inactiono n its part,
especial lywhetnh e magni tudoef the scami s moret hanR s,1600c roresis
clearlyc olourableW. hichm ay be due to its inabilityto standu p to political
or otheri nfluenceo r worsed uet o corruptp ractices.
14) That lastlyi n this regard,t he MasterC rrcular-Frauds-Futuarpep rsach
towardsm onitoringo f fraudsi n NBFCsp rescribesa s to how actionu nder
ChapterV of the RBIA ct is a mandatoryfe aturee veni n the caseso f s;mall
frauds.T he circularm entionst hat the RBI may prosecuteN BFCTf;o r
merelyn ot reportingin stanceo f fraud Furthert he circulara lso makesi t
mandatorfyo r NBFCst o reportf raudc asesi nvolvingR s. 1 lakho r moret o
the concerneds tatep oliceA. nd herey ou havet he ReserveB anko f India,
itself( as claimedb y ReserveB anko f India)d iscoveringa scam of more
than Rs.1600c rores and even after having acknowledgingth at false
returnsh aveb eens ubmittedfo r yearst ogetheri,s delayinga ctioni n terms
of ChapterV of the RBIA ct,w hichi s a mandatoryo bligationo f the RBl.
Page 5 of 11
6. ANALYSIS OF HAPPENINGS SUBSEQUENT TO ISSUE OF PRESS
RELEASE BY RBI:
15) Thatw hi lei t is cleara nd evidentf romt he abovet hatt he RBI should
have immediatelyp roceededin termso f ChapterV of the RBI Act, 1934
afteri ssuingt he saidp rohibitoroyr dera gainstM /s.F irstL easingC ompany
of IndiaL td.,a briefa nalysiso f the happeningsu bsequentto the issuance
of the saido rderw oulds howt hatt herei s clearc onsciousin actiono n part
of RBl, which may be a result of lack of spine in the face of significant
outsidei nfluenceo r at worsep lausiblec orruptiona t very high levelss uch
that certainp oliticallya nd otherwisei nfluentiapl eoplea re able to vrash
their hands clean of this scam.
16) Thatf i rsta ndf oremostM, r .A C Muthiaht,h e Chai rmana ndf oundr :or f
the Companye ver since its inceptiona, nd primarilyr esponsiblefo r the
affairso f the Company,r esignedfr omt he positiono f Chairmana s wella s
fromt he Boardo f Directorss ometimea roundN ovember1 , 2013 and has
been given a safe exit route from the Company. A Press report in this
regard is enclosed and marked as Annexure-1'
17 Thatf urthermoreM, r. Faruql rani,w ho has beent he ManagingD irector
for the Companye ven sincei ts inceptions ubmittedh is resignationu,r hich
was acceptedb y the Boardo f Directorso f the Company,a nd a suilable
intimatiotno the StockE xchangews as given.E ncloseda s Annexure-2"
18) Thata notherp ersonh oldinga substant iaclh unko f responsibi l iitrytt his
scam Ms. Sheetal R., who had been holding the office of Company
Secretaryin the Company,r esignedfr omt he posta nd has beenp rol'ided
a safe exit route from the Company. A Press report in this regard is
enclosed and marked as Annexure-3.
19) The statutorya uditorso f the Companyw, ho are alsor esponsibluen der
the provisionso f the RBIA ct, 1934,a nd who haveb eens o for pastr nany
years; M/s. Sarathy & Balu, Chartered Accountants retracted on key
financiadl ocumentsin cludinga uditr eports/certificatelism, itr eviewr eport
etc. issued by them in favour of the Company and part and parcel of the
Company'sa nnualr epor tsA. n int imat ions ent by the companyt o the
National Stock Exchange in this regard is enclosed and marked as
Annexure-4.
Page 6 of 11
7. 20) Thatt he creditr atinga gencyi nvolvedi. e. M/s. Brickworksa, c'edit
ratinga gencyr egistereidn termso f Securitie&s ExchangeB oardo f India
(CreditR atingA genciesR) egulations1,9 99,w hichh ad earliera warded
"AA"r atingt o the Companyre tractedo n the ratingA. reportd eclaring
suspensiono f ratingi s encloseda nd markeda s Annexure-S.
21 Thatt he BoardR esolutioonf M/s.F irstL easingC ompanyo f IndiaL td
datedM arch5 ,2014w hereinth ec ompanyit selaf dmitsth ee xistencoef a
scama nda vaguea ttempits beingm adet o affixr esponsibiloitnyl yo rrM r
FarukM erwanil rani.C opy of resolutione ncloseda nd markedla s
Annexure-6M. r.F arukl ranir eactedo penlyto thisb oardr esolutiosnt ating
thath e was not the onlyo ne responsibfleo r the scama t hand A Pness
releasein this regardis encloseda ndm arkeda s Annexure-7.
22) That the currenta nd formerm anagemenot f M/s First Leasing
Companoy f IndiaL td.a rea lsop lannintgo wardo fft heirc ivila ndc rinrinal
liabilitiebsy sellingo ff the companyA. Pressr eleasei n this regardi s
encloseda nd markeda s Annexure-8.
23) Thati t becomese videnftr omt he abovet hatt he RBI is consciously
sittingo vert hiss cama ndn ota ctingin termso f ChapteVr of the RBIA ct
onlyt o allowa ll thosem ajorlyr esponsiblfero m amongst he staffa nd
managemenotf the companya s alsot heiri nternaal nd statutorayu ditors,
ratinga genciese tc. to wash their handso ff the scam and all tlrose
responsibtloe c onspirteo gethetro makea sacrificigaol ato uto f oneo r two
personasl one.
24) That the RBI has issueda show-causneo ticef or cancellatioonf
registratioans an NBFCt o M/s.F irstL easingC ompanyo f lndiaL td.o nly
after receiving notices of the earlier referred writ petition First and
foremostt,h ere is no reasonf or the RBI to issuea show-causaef ter
discoverinag s camo f moret hanR s.1 600c roresF. urthermorteh,i ss lrow-causeh
asn othingto do withi nactionu nderC hapteVr of the RBIA cta nd
in factm ayb e an obliquea ttempbt y the RBIt o makei tselff unctuso fficio
over the mattera nd the companyc oncerneda pparentlyfo r dubious
reasons.
25) Thatl astlyt he mostg laringin stanceo f supportth att he RBIh asb een
extendintgo M/s.F irstL easingC ompanoy f IndiaL td.i s by notm akirrgit s
revisedfi nancialssu bmittetdo the RBIp ublicT. hel atestn oticefo rA rrnual
Page 7 of 11
8. GeneraMl eetingis suedb y M/s.F irstL easingC ompanoy f IndiaL tdc le'arly
statest hat,' fhe AnnualG eneraMl eetingr elatingto the accountsfo r the
yeare ndingM arch3 1't,2013is adiournedsi ned ie'.C opye ncloseda nd
markeda s Annexure-9W. hilet hei nvestocro mmunitiys nota wareo 1'the
magnitudoef scami n thec ompanys,m alal ndg ulliblein vestorcso ntinuteo
put their hard earnedm oneyi n purchasinsgh areso f the same,o nly
becauseth e RBI did not maket he scama nd especialliyt s magnitude
publ icO. rderc opye ncloseda ndm arkeda s Annexure-10.
TRADINGO FS HARES9 F M/S.F IRSTL EASINGC OMPANYO FI NDIA
LTD. ON STOCK EXCHANGES:
26) Thatt he RBIh ast riedt o takec reditin its replyt o thew ritp etitiofni led
beforeth e Hon'bleR ajasthaHn ighC ourto f thef actt hatt he shareo f M/s.
FirstL easingC ompanyo f lndiaL td.i s notb eingt radedo n NationaSl tock
ExchangeIn. factt he suspensioonf tradingo n NationaSl tockE xchange
has takenp laceo n accounto f "non-compliancweit hp rovisionso f listtng
agreemenwt hichi nter-aliain cludesn on-submissioonf financialr esultsfo r
the periode ndedS eptembe3r 0, 2013".C opy of relevantc ircularo f
Nat ionaSl tockE xchangeis encloseda ndm arkeda s Annexure-1 1.I n
fact,d ue to inactiono n part of RBl, the shareso f M/s. FirstL earsing
Companyo f IndiaL td.w eret radedb etweenS eptembe1r 3,2013a nd
Decembe1r0 ,2013o n Nat ionaSlt ockE xchangaen dh undredosf gul l ible
investorfse llt o thet raps etupb yt hec ompanyin connivancwei tho r duet o
negligencoef relevanotf ficerosf RBI
27) Thats ubsequentot receivinngo ticeso f the referredw rit petitiont,h e
RBIs enta n incompletaen dm eaninglesinst imatiotno the BombayS itock
Exchangdea tedM arch0 6,2014w hichd idn otc arrya nyo therd etailsa part
fromt hep ressr eleasea lreadya vailabloen theR BI'sw ebsiteT heR BIh as
alwaysm adea consciouosr evena ctivee ffortto hidet hem agnitudoef this
financiasl cam in M/s. FirstL easingC ompanyo f IndiaL td This share
continuetso be tradedo n BombayS tockE xchangeA. Pressr eporti n
this regardi s encloseda nd markeda s Annexure-12.
28) Thati n viewo f thea bovei,t is cleara nde videntth att hef inanciasl; cam
in M/s.F i rstL easingC ompanoyf IndiaL td.c ouldn oth aveb eenp ossible
withoutt he consciouso r even activei nvolvemenotf the responsible
officerosf theR Bl.F urthermorceo, nsciouisn volvemeonft RBIi n thes cam
is furtheer videnftr omt he colourablme anneirn whicht heyh aved elayed
Page 8 of 11
9. actionu nderC hapteVr of theR BIA cta s alsoh iddenth em agnitudoef this
scam.
The wholes et of eventsp osesa numbero f burningq uestionws hichr reed
answerfsr omR eserveB anko f India.
1. For last how manyy ears,a ccordintgo ReserveB anko f IndiaF irst
LeasingC ompanyo f India Ltd has been falsifyingi ts account.
Apparentlays per ReserveB anko f India'so wna dmissioint hasb een
for" SeveraYl ears".
2. How many inspectiondsi d ReserveB anko f lndiac arryo ut during
these years?
Whati st hep roceduraen dr equiremeonft c arryinogu ta n inspection?
Howc ouldR eserveB anko f lndiaw ash oodw inkedfo r" SeveralY" ears
despite"S everali"n spections.
Wered ocumentasn dd etailsg ivenb y FirstL easingC ompanyo f India
Ltda ccepteodn facev alueb y ReserveB anko f IndiaW. eret heo fficers
who carriedo ut such inspectiognu lliblen, aivea nd cursoryi n their
approactho the extento f beingc riminallnye gligenotr incompeterortr,
worseh andsin g lovew i tht heC ompan(yF LCI ) .
Didt hei nspectorrse lyo n CAc ertifieddo cuments?
HasR eserveB anko f Indiaa fterc omingto knowo f thec onnivancoef
lnternaAl uditora nd ExternaAl uditori n the fraudi nitiatedc omprlaint
againstth emb eforeT heI nstitr-ortfe C hartereAdc countanotsf Indraa nd
f i leda cr iminaclo mplaint .
DidR eserveB anko f Indiar elyo n ratingo f Creditr atinga gencieasn d
checkedo ut whethers uchr atingsw ereg iveni n connivancwe itht he
Compantyo helpd efraudth e Bankeras ndI nvestorosr it wasa caseo f
criminanl egligencoer outriglritn competencHe.a s ReserveB arrko f
Indiai nitiateda complainat gainst he Creditr atinga genciesb efore
SEBIf orc ancellatioonf liscenr:easn dh asf iledc riminaclo mplainirtr t he
matter.
3
4 .
5 .
6
7 .
B.
Page9 of 11
10. g. Whilec arryingo ut inspectiond id ReserveB anko f Indiai nspectedth e
statemenot f Banka ccountso f the Companya nd checkedo ut on c;ash
flows and reconciled them with the expected cash flows f'rom
leasing/HireP urchaseb usiness.W ith the actual assets being alcout
10o/of the claimeda ssets,t herg ?Pm usth aveb eeng laring.H owc ould
sucha gapingh olew as missecbj y ReserveB anko f IndiaI nspectorfso r
severaly earst hroughs everali nspectionsl.s ReserveB ank of Inrjia's
inspectionp rocedures o third rate and ineffectivein its approacha nd
methodsth at it is unablet o finrlo ut suchm assivef rauds,o r is it a case
of connivancefo r constderatioonf the Inspectoros r the inspectorsi vere
thoroughlyin competenot r negligenot r both.T hese are all matterso f
forensici nvestigationu nder the supervisiono f CAG/CVOb esidesa
policei nvestigatiomn ay be by way of a SlT.
10. ls it not necessaryto thoroughlyin vestigatteh e credita ppraisafli le of
all the membersb ankso f the consortiuma nd more particularltyh iato f
the leadero f the consortiumw, ho apparentlym iserablyfa iledi n their
due diligenceb eforep artingo ff with depositorsa nd others takeholders
fund. Could they not check out the cash flows which were to be
necessarilryo utedt hroughm emberB ankso r was it a caseo f quid-pro-quo
for considerationls. the entires ystemo f Auditorsr, atinga gen,stes
ReserveB ank of Indiaa nd Elankerss o rottena nd mothballedo r so
hopelesslcyo rrupt hat it allowsb y its actso f omissiona nd commis;ston
the initiationa nd perpetuatioorrf such fraudsa nd its final unearlhing
due to the tiringo ut of the fraudstera s is the case here where Mr
Faroukhlr anih asc laimedh imseltfo be the whistleb lower.
11.O nly a S|T(Specialln vest igat ioTne am)n ot undert he supervisioonf
any of these agencya nd directlyr eportingt o CAG may be able to
unearthth e conspiracya ndt rutho f thism assivefr aud
12. By callings uch massivef rauda nd falsificatioonf accountsw hicl^arr e
severeo ffencesu nder IPC a "failureo f internalc ontrols ystemo f the
Company" Reserve Bank of India is again trying to bail out the
company'sin f luent iapl r omoterCrh ai rmanC, hai rmano f internaal rudi t ,
committeeo f Directors,S tatutorya nd InternalA uditors,C ompliiance
officersa nd otherm emberso f the Boardf romt imet o time Thisr ais,eas
questionm ark about ReserveB anko f India'sB onafidicein the matter
even as of now.
Page 10 of 11
11. 13' Has ReserveB ank of Indiai nformedl T Deptto f the fraud.H aver the
underlyingtr ansactionos f the scam been used for moneyl aundering
Why has ReserveB ank of Indian ot informed/raisecdo mplainta bout
thist o the relevanat uthoritiefso r appropriataec tion.
14' Why ReserveB ank of lndia has not immediatelylo dgeda crinrinal
complainut /s 58 of the ReserveB anko f IndiaA ct whichi s a mandettorv
provision.
15. The conduct of Reserve Bank of India up to now goes to
reasonabled oubts both{ acit and activec onnivancein
culpritsb y itsa ct of omissiona ndc ommission.
In viewo f the abovey ou are requeste,tdo kindly:
show bey'on{
shieldingth e
(i) lnformC AG/Director-CBl/Othreelre vanat uthoritieos f the scama nd to
examinet he roleo f and reasonst hereofo, f ReserveB anko f lndiaa nd
lendingB anksu ndert he superrvisioonf ReserveB anko f lndiaa nrlt o
identifyt he failure/negligence/connivanocf teh e officersc onnectedr ruith
the matterb oth past and presents o that identifiedp ersonsm ay be
appropriatelbyo oked.
( i i ) lmmediateldyi rectR eserveB arnko f Indiat o lodgea cr iminact omplaint
in the matteru /s5 8 of the ReserveB anko f IndiaA ct
ThankingY ou
/ ^ n I
t / t t l t ^ I I t/ilVL'-sJ*drlJv
TribhuwanR aj Bhandari
CC to: 1. ShriA MadhavanG, eneral! 4anaqer
ReserveB anko f India
For tG lacis1, 6,R ajajSi alai ,
chennai- 6000 01.F orI nformat ioann dn ecessarayc t ion
2. fhe Pr incipaCl hiefG eneraMl anager ,
ReserveB anko f India,D epartrnenotf Non-Bankinsgu pervisron,
centralo ffice,2 ndF roorc, entrer ,w orrdr rade center,
Mumba-i 400 005.F or Informertioann d necessarya ction.
Page 11 of 11
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FIRSTL EASINGC OilIPANYO FI NDlFffiT_:--
Rcgistcaodii io:
F'O' BOX:27a'r
749, ANNA sAlil, cJltNNAl - 60c 002
PHONE2: 852070/ 5) 02207c5
FAX:G 4+1 024I9 6 2& 2852))'7
E'm ajls: hrrc@f lc i ndi:'corn
Vcbrhc: w'[inr lcer ingindie c o rrr
I
Listing DeParEnent
f.i",i"i"f Stock Exchange of lndia I-'irriritetl
Exchange Plaza, 5'h Floor
Plot No.C/1, G Block'
nonatu Kurla ComPlex ' Bandra ([)
I!sbqr39qql].----
()ctcrbt:r 24,2073
Ci.p
"i"
t. Ilela tiorrs O"P:tT""I
Bo,r,buYS tockE xchangeL imited
['hiroztJ e ejeebhoYT ower'
I)alrrlS treet,2 5'hl rloor
Mumbai 40m01-
It r ,
l)u rsu;rntt ,-the applicablec lauseso f the, Listirrg Agreenrent, please be informed that:
1) Mr. ijarouk lrani's resignatiorr fronr the position of Managing I)irector ol t l r t
(iomprany no, bn.n acclpted lby the Board of Directors of the ciotnparrr' l'lris
a ( c e P t a n c e o f M r . I i a r o u k l r a n i , s r e s i g n a t i o n w i ] l n o t T u . ' y w a y , a b s o ' i r , e l i i r r r c l l l . ' r s
cluties arrd accountability to the c;"',r';;;y, its stakeholtlers, statutor,v Alrthoritit:>
ancl any other legal obligations tr,.i
"1"'ur.ily
to clevolve on the comparry 'lrre tt: tlrc
'ari.trs acts of c'nrrrrrssio^sir rlclo rnissions itt'ing the telrure of his r;ffice l'rom 1()1'l
t i l l date.
2 Just ices . Mohan,I lor rnerJ udge,s uprer r re Cour , t 'h as.b een aPPointedi t s ' r i r l i t r r ' rn" l
l)irector (Non-Iixerutive & lnd-r-'pcnient; on the Iloard of the Company'
BI{ItrF PIIOFII,E OT JUS'TICE S MOI{AN
M r . J u s t i c e S . M < . l h a n i s f o r m e r j u c t g e o f t h e S u p r e m e ( ] o t r r t . I J e r v a s t h r : C i i r r l i J L l S t i r r '
,'f Madra.rsl iigi i",,nnr,a i,iigr,'Courto f karnataka' Flew ast lt. aisLr 'rt-lirr1:'
clovernor of (arnatakai n 1990.H e was elevatedt o the ber rch of thr :s r rPr i ' r ) rcI i . i t ' ft
0flndiainl$)l.Justices.MohanisalsothePresidentoftheDmt'rihrsworl'i(i':rry''e";:;
of ] ) o t l l s ' . . . . : . . . . . . .
3 ) N ( . I t a j a g o p a | & C r l . , C h a r t e r e d A c c o u n t a n t s , h a v e b e e n a p p o i n t e r . l a s a S p e . c i i l l
Ariditors by Re;erve tsank of trlaiu tu carry out the special nudit of llook:; i'r[
A c c o u n t s a n < l t r a n s a c t i o n s r t n d e r t a k e n b y t h e C o m p a n y f r o m t h c y c a r e r t t l c i l
31't March 2010.
Kinctly takt: the atrcve information on your records ancl acknowleclge receipt for tlrt' sanl''''
Very truly yotlrs,
116ly
Sheetal R
Con-rpany SecretarY
Cr':
'I'he
Secretary
Madras Stock Exchange Ltd'
2"d Line lkach,
Chennai 60{nm'
15. C-*.*r*-=
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FIRSTLE ASINGC OMPANOYF IHff] TTF
Rcgisterco<fflt cc
P.OB' or :2 ?17
7{9, Anna Salai , Chenna-l 6t ,00 02
Phono:2 S5207053,0 220?05
Fax: 044'3024916&2 2 8I '23?57
E-mail: sharo@flclndlr'com
Wcbsite : www'firstlsasinglndir'com
Ltd.
'l'he
Manager
l,isting DePartment
-NationaSl tock [lxchange of tndia L'imited
iixchangel' aza,sth Floor, ['lot No'C l1,G Block'
llandra Kurla (-onrplex, Bandra (E)
Mumbai 400-051.
r. i{obert A Y
ilt-CHU, I)ornbary Stock Ijxchange Limited
t ' h i o r { t ' t ' j c t l [ r l roy'I'owers;,
I)irlalS trb.q,2t .5'hI rloor
Mumbai 4
Sub: Notificatiorrb y the StatutoryA uditor'
L)earS ir,
']he
Company is in receipt of u ietter from M/s- Sarathy & Balr:' (lharitrecl
Accountants, Statutory nnaitor Of the Company on 3'd ()ctol-'er 2ti'13:;taiirtl
that in accorclance with stanciarrl on Auditing (sA) 560 the follorving Atrtiit
Reports/ Certific.rtes issrledb y them shouldn o longer to be rcliecl Lrl)on:
. Finarncial Statement for the year ended 31't March 2013 an(i th(:ir rePofi
clated z'/t'h |r/.ay 20-lil there on'
. Lirnitecl I{eview Report dated 14e Augus t 2012 for the Qtrarter ended J(lt''
June 2012'
. l,imitecl ILeview Report dated 5th November 2012 for thc {]ui'ii'ter (lnrii:ii
30tt'sePternber 2012
. Limitecl Review Report dated 1't February 2013 for tht: Quzir'tr:r cnilt"i
31't l)ecember,'72
. I-imitccl Review Report dated 14'hA ugust 2Cf13 for thr' Q,:tridr ('rn-l.ri
30th iune 2073. ,/_.
*,v
October 7,2013
Mad
2nd [,ine
Chennai By Speed Post with A'11)
17. Pagel ,Jo2.
above, the Financial litatemenLs for tlte vcar enilcti
r'rnJ"rgoa mrendmentsto, gether with revised Auclitols'
ofprot.a a:ncpl ublishecl'"oncet he amentimcntstr lfrtr
On thc basis of the
.11't N{arch 2-013 tnay
ileport rvhich will be
Accounts;a' rc finalised'
lhis rs for your inforrnation and records'
Very trulY Yours/
-t"e 7,e
Fart)[rk IraIri
ivlanailing I)trector
18. [) r'r,s-slt tt ltritstl
Ih'ickrvor"k Ratirrgs strsper(ls the
Irtrliit Lttl's outstatrctirrNg CDI ssues
+ f - + +
ll-lriclil#ork" I t / *
I
fortntorrn,:d n
7 I i
Itating of Filst I-easirtg Cotttllattl
agp'e:gatilrg { z8o Ct'
-T
ilrir;k$,orkl {aturgsi ras suslrctrclet}dre lt:rting' of IlrR A: (Ralirrgu ttder' 'vrtc{r rr'itli
Dt:r'clopurIgu rplicatiotrsf)o r Fimtl .easingC onrpatrvo f India Ltcl'so utstandilrg NCI) Isstt(:r'
ag,glt:gatin{l ; zf}o Cr-
F.ar'lrerr,- iltY al'iotlsc latc-sa s in the table br:lorv, BWI{ }tatl assignecl the rnting ol'i}ll 'r
(l],II{ l)gubft: A) (Ogtlook: Stable)fo r NCD Issues aggl'egatilrg{ zBo Cr' Cotrsctprtrrrt to liit'
ilesL:r,r,Ielar nk of lnclia,s< iirectiondsa terlS e1-r1t3 , 2o13,t o the Irirst Leasing cotltpalii' nf Irrrli:'l
I-t(t, BWi{ haci1 ;lar:edth e Rahngsa ssigrrtrCto the Cotrtpattv's r;ariortsIs sttestt ttrler"!rrtClr
rr'1t1l1)i '111'lopirlrrrgr plications'aisti fontredr i<1eo ttt llt'essr eleased atedS t:ptcttrliet' 1:' !'()r'i
li.lJl:s< lrr.erctil.r,, ;rsre gulatoryin nalureu n,clesl ecrtrort4-5sJ A ancl4 ;;Lof tileIrl esct'r'r'llal;ti''i
I r r r i i r 'r c:1,t 9134a, r r t it l r isr eSt r i t tetchi c busi t tesso l lct i r t iot tso f the Ct l t t tpal l r " utitil h t r i l ' r ' '
t : t i I i ' t s .
Srrlroi'thualcd
I )ebt
SrrbortlLnated
I)cbt
Srrbotrl tt.ralerl
I )cbt
BWII AA
(Ratingu nderW atch rvith
I)evelopingI .mPlications
BWI{ AA
(Ratingu ntler /atchr vith
I)eveloping l.nrl.Ir i cation s
BWII AA
(Raling unde'r /atch nith
ltnlrrir-,.
Si t s 1 l , - ' i i t i c d
I t n : r r . :
S t t s l t c t r i 1 , - ' c l
December'
28,2 01l
the abovei s.sttcI.l otr-tvt:.f lli,'
provide trttv fittllrct' rli'ftrili t',"
and the conrpltttvilslo iti'cl' llsi'
Developing ilmp I ic:rtions
ilwll AA
unclt'r /rlch x'itlr
ing Inrtllications
(l{ating
Develo
[]'rl{ contirrut-'cl to seek clarificatiott fi'ottr t}ie Contpall}r oll
r-brrrlt:rn), lras infonued tlrat tltel' are Ilot in ir positiott to
.rrrfornrati,:rrra, s t[e regulat<1ryit tspectiotr is still cotrtittttittg,
has rrranclltccl a fresh audit of accounts.
r I)l.rrse r*j+tr to rg4u:-.t -ti-ctrcerkrqdJ-taa.-eg]]L-fotlrg flrririorr o/the Rcrirrgs
u'r r,rr' .lr ri l:ku'orhra tiltgs. collt
19. +.r
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I r ' l . - t * r, *1 ll{nclcwsr tJ) '| . ,
lo, fntodlal ' I
tnwSurrdil( L( 11.lt)5
rratureo f in'egulalitieosb senc rl i>r'f ht:I tlll
CnrtrpattRr,l,V Rs trspcndI sh c abovirl 'aill )gs
(lon4latll'oIfn diaL td' B{R rr'ott}tilr iitiltc
is plovirlecbl1 'thec on)ptxly.
lI tIrt:a bselitxo: {'tletailwli ttforuratit-rtitt i-iotttt lie
or tltetrl lupacto n tltef uturef uutrtiottittgt 'f tlre
assirlrtertlo variotls NCI) issueso f First Ix'asrttg
I rt t'llt t :r tt:tj<ttl,o tt<:ea ll tlter etluit'etlt nfttt 'ttii ttto tt
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(L4-( i'rl i:1irtl€ rlr'
] ,.ru.*- uhi<h ur <le-rnsl to S aqate. BWR has talen comi,lerable steps to arcid anv data distortion: howcrcr. it trot I precisiono r mmpletenesso f thei nforutationo btained. fuid bence,t lre inJorrnationil this rcporri s pesented" as is' rtitf,r)tli .lli .(':r:r'rri:irc;i':" rr::r
1
Iiunlidwantyofmyhird-BT.demtmakeanyrepreserLtadoninresp€dtothetruthoraruac)'ol anvscbrntotlrr'rlti'l I .r:ig,"a fty nwi, iitoiaU" tt."r.a x :n opinion r"tiio. tiran a :rccnmrncadatiotno buv, *ll or holdt he ratod instrunreDl ir){j P'v i : ! i)al- ii'l
r r " : l ' "
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FIRSLTE ASINGC OMPANOYF I NDIAL IMITED
ReqdO. f fi ce' .749A, nnaS alaiC, henna-i 600 002.
NOTICEIS H EREBYG IVENT HE ADJOURNETDH IRTYN INETHA NNUALG ENERAL
MEETINOGF F IRSLTE ASINCGO MPr NOYF I NDIAL IMITEWDI LLB E HEt -DA T
T}1IRUVALLLJVCAOR. OPERATIVTEH IRUMANAM ALIGAIN, O. 29 I (ARTHIKEYAN
Sl r LAlP, En IYARN AGARC, HENNA-I 6 0 00 8 2O N FRIDATYH E4 rHA PRI L2 0 1 4A T
2 .OOP .M.T O TRANS ACTT I I E FOL LO! / INGB US INE S S :
Agendafo r theM eet ing:
OI lDINARBYU SINESS:
1.
'i9
cons i r Jearn d r f thougl r tf r t to pas s wi th or wi thoutm odi f i cat ion( st i)) e tol low; r rg
r r - lsol r r t iaosr r . tnO rdinarvF le: ;olut ron
'RESOLVETDH ATin v iewo ft hew i thdrawailhoefC er t i l icagtivee nb ye ar l ieSr t atutory
AirriilclMrs/ sS aralh&y Balu,C hartr-"rAecdc ountanfotsrt hey ear€ rrdctldl1 ' ' March
z t i l , ' 3t, l ' r cc o r n p a n rt!s r t o t u 1c ; f c 3 l i , o . i o o r a c et h e a c c o u n t sf o r t n e y e J r c r t d e d3 l
l . 4 a r r ;2h0 1 3 ,t h e An n L r aGl e n r , . r a 1M e r - . r , r cr e l a t r n gt o t h e a c c o u n t sf o r t l t t t y e t a re n r i t r t g
. l 1 ' M; i r - r :2; i0r l i l i s a d i o u r n e r ls r n e d r e
"RESOL-VEFDU RTI - lETRH ATt f rcF. ioarodf D i rectorsbaen di s hereb'v: t r r thr : r rtosed
r iccidtei ier Jatfeo rt hea djournerdn eel tnlgo consrdethr ea bovei t ema ndi l ls0i ( )n t i ike
' locessr ;ar rryra ngemenfotsrc or rduct inihge s amew i tht her equisi tneo t icc
fo appornat Di rec toirn the'placeo l l t / r V' Sel varalw, hor et i reSb y rotal r r - ) ' r , ' ir(iii r i rg
c l rqr t r loef fc r sh r rnseflof r re-erppc t rntmer l
SPECIABL USINESS:
lo cons i r jear i rCi f thougni ' , : , : : s : , ' r i tho r wi thoutm odi f i<;at ionlist )- x ,1 i ) l l . : . i , . . . ,ni ;
r r : : ;olLr l raosr ar n Ordi r rarlVl r : s ;olut ron
"RESOf *VEDT HAT pt t rsuer r tt to the pro' . , rsionosf Sect ion2 57 and o:hcr appl i r :aroie
prov i s ionsi f, any , of the OornpanierAsc i 1956 and Ar t i c le1 20 of tne Ar t r c ieso f
Associatolofl nh eC ompanMyr ,K L Baiaj0,e a n0is h ereoayp pornt0cio:) i i recloorf
t i reC ornpanyw hos hal lb e l iablet o ret i reb v rotal ion. "
27. (
4 lo consrdaenr di f thoughtf rtt o passw itho r vrithoumt odificatron(s; thc [ollor'vrrgl
resolut ioans an Orcl inaryF lesolut ton
, ,FIESOL fETDH AT pursUanltc lt he l l rovisionosf Seci ion? -5- /a ndo ther; tpplcai l l r t
provisionisl ;a, ny, of the companiesA ct , 1956a nd Ar t icle 120 o{ thc Ar t icloso f
Associat ioolnth cC ompanyD r I V Manivannabnea, ndi s hcrebya ppoi r l t tA; tsj[ ) r rre: l t ; r
c l l t I t e C o m p a n y w h o s h a | | b c l i a b | e t o r e t t r e b y r o t a t l o n .
5 . I o c o r r s r r J earn c j i f t hOUg h t f l t t o p a s i sw i t h o r wi t h o u t modifrcalron(s) t i r r : l o l l o w t r t o
resolut ioarsra r rO rdi r raryf l esolut ron:
, ,nESOL,VTEHDA Tp ursuantto thep rovisioonls S ect ion2 24(6a ndo thcra ppi Cable
r r rovisioni fs a. ny, o{ the conrpaniesA ct 1956a nd Ar l icle 186(7)o f the ' r i rc; ieosi
Associat icofnt h t :C ompar lyM /s.S undara&m S r inivasaCnh, ar tereAd : l l : " ' - rniants trC
andi sh er rebayp pointeda s the StatutorAyu di torosf theC ompanyf ort ha) /eaer r r ( ic( l
3'1'M, arc2h0 13,in thec asuavl acanccya useddu et o the resignat rot>n f l'1 s Sarathy
& t laluc. har tereAd ccountar t ttsh,e p revloussi atutorayu di torso n a rL' rnLl Ier i r l l ( )n lo
oel ixedb yl l reB oar rcoj{ Di rcctorosf thec onpar r !
Place : Chcrrnai
Date: 5th March 2O14
Rv ordler of thel Lloard
V, Selvarai
Chiairman
t I
28. NOTES:
I
Ii
,qN/EMBEtIE:N.||TLEDToATIENDAI,IDVOTEATTHEMEET|NGlSEt'lT|TLtDTo
AppolNlA' f ' 'FtoxYA NDS UCH PROXYN EEDN oT BE A MEMBERi I l ' l i :P ROX' /
FcRMSI--]OULt)t]Et-oDGEDWIIHTIIECOMPANYNoTLAI.ERIHAN4BHCUt.tsEFoRr-lFlEI|MEFIXEDFoRTI]ECOMMENCEMENToFTHEMEE|[ , lcmbr t rsa re rcr ]LleStetdO nul i iyi mnretJiately any change in thei r arJdros[s0 ine
conpai . ryo r i61r ts Regtst ret ra: ;r r t j shareT rans{erA qents' f "4/sc a; ' r rcO oori:'or'ale
Scrvlcet|;- | i . I l l i€] tS] ]ubrar r l ; t r ' r . l t i Bui l t j ings1. Cl t r i l | -1ouseR oad Cher rna6i 00002
lvlentberwsi roscls harehol t j ingasr e rnr Jemafto rm are requosledt o send thc rnlrnratton
tot heirre spectrvDee positoPrya rlicipant (DP)
| " , i c r n b r : , 1 ; , ' n l h O l i r e d e s l r o u s o l a i , a t I i n g o f , . o n . . i n a t l o n a r e r e q U e s l e c ; l c c S t i i a l . : ] l I r i regrsr raar nc. rs h; i re- r - ransferA gentsi n respect o{ shares herd in physicar i.*r c'rc l l r r :
r e s p e c t r v eD e p o s r t o r yP a r t i c i p a nitn r e r s p e c l o i s h a r e s h e l d r n c J e r n a t e r t a i t ) r t l d i 0 r t r t
By order ol the Boaro
P l a c c : C h e r r n a i
Da t e: 5 ' r 'M a r c l r 2O1 4
t/. Selvarai
Chairtnan
I
II
I
29. i ExpuaNATorslYT ATEMENPUT RSUANTTo sEc
I
i 2013
(
-
+ t s r , r r . r nr roql lANl' TO SECTION
102O FT HEC OMPANIAECST '
tTE[nN O.1
Membcrsa re awaret hal ear r ier 3g,nA nnuarG e.erarM eet ing hadb eenc orvcned1 r i lc
hr:ld
M/ s N c Ralagopala&n co ' c h a r t e ' r o c l A t ; r l t t ' t t ' 1 ' r :
F' . _|r ^S: a : . , : " l r a , : jrSC r l i l ! ' C l ' l l t i
^ : 1 . ' . : . . i - ' ,: a ' ' ' - , ; , i ; 1 1 - : l i :' :r
- - ^ - - ^ ' ^ ' r . 'ai ic l lol la cJalnsiii ' r ' l l i r ' t
' ' : : . ' , , SV ei t o r e c i ) l vI(llr ( '- ' r " l
- =
- ; i . l : S - l - c j a ' i i r i : i ' l t . i i i ' : i : ; i l l l
i 1 , l , 1 a ' C ' : : . ' 3 : i l ' i l - ' {l)a l i ( . r - i : r l t ) r ' : t i
: ' 1 ; i ! l - . ^ . a r , ^ n , , . , a . n ' - " ^
t t r r i - . 1 . 1 ' C fi l t : l ' "
t i i U C ! - l l l f - i / r / L ' -
"
18' , , [ i ;eptemb2e0r1 3 rnt totp" 'v' t u ruonr lu" r t iniFr r rancCiaoln rpany i l ' l F ; i r ( ' i
.nd t i r ' book, .a;n da ccountos{ t , r rorpuny is per iodrca'y insoecte0dy RBi Fursi r i i rlr(li
er riir r : l r rccr ii,r.y r t " r , , , *oR ank oi Inr j i iar rr :hem onthso f August , Septemb2e0r l i j t t' ) r i t l r r j
10 l r lnl l i r . t 1f r . i tcr ;c- runts of tht-'tontpu"y were falsrfied lor several years Fl[]l alscl r s : ; ' ' r 3 c
| ) r o | r t i l r l t l r . / O r d e r r e s t r i C t l r ] g t | r e O o r n p a n y f r o r n ( j a r r y , l r } c J o n t h e b u s t n e s s o { N t ] F C a I l C j ( , { l o l i t t ; r i J l r t : c l i t o n s l n v l e w u i t t t o a U c ' u e t h e h o l c i i r r g o l t h r : 3 9 " ' A n n t l a l G e r r r : r a l B { r r l y r ' r r : t - ' tIa1i ni,i:c,o r.rvr]frtcod ir c heicJ on rgl irrp,.n.J",z. oig wasa diourned lrtr:ilr'roi'lr-rf;rr(J:
rnrh ec Eolpresi rJent / Nlanagi1n)qr r ; r t ' : . ti !' rr;i '1
i .uni r r r ,4' r r r rc.rrsr c. rwi r rteh atM r .F arouk ' ici0i r ' r' ) i ')
r - r .s uDnr r t theidsr esignal ' :1
cor .panlyr ornrh ed ateo fi ncorporat ion ::2',
r th asc omet ot hr ,k:n owredgoe{f ieserve Ban<o f India(R Brt)h i i tt here rs rrc r f i r r t s ; t l z l r r : r r ' "
i r rr nz l i . tainrntqi r ea . cornt s -unc jer the cont r c la nc Jrn anagemenotf Mr ' Faroukl r i ' tnlri r i )I i i I
Manaqr .qu , ru, r rur -nBal l so
"ppoiot"d
' !
O{t he co' "np;1rir"' r, '' 1:
nuoi t it he Eook s & Ac countS 'h, : ; r r .art o conJ r r r ;at ' spec iat t ] i l a r ] < l D a | a r i & C o . . | r a s s u b m i t t e c l t h e s p Oasecol r : c i a l a n u the c l i i rnornglsn t r e p o r t l i i o ' ' R i '' B i ' - l r a t ' n -: r d t ' h e )
C o l l l i ' ) i recer , , ,a{ .cro py o{ the sardr eporll, .o, . r ' , i RBI r ,a t lBi o1l leqtsl ta: ' i " ' 'I
r l l
rssut )da show carse no. , ice forc ancetat iono f tne cer t i t icate "
i repi : . ' r ' t ,' ) ' ' rP;^' l ' qavc i l roPl lv
I f r r :i lOi - i r ll.-ji lOc k e :tdl y t n e r e v e l a l t o t ' t g : l r l s l r l c J out o i
! l l r n Lrjy r l r r ,& ! l r r n l v a s a nt o c o n t l u c t ;r S l c r : r i t l A u c t l t
b v f l [ : l ] l ' 4 ' : ' 5 t i i r d ' 1 r a r f& Sr t n l ' l a s ' l ^ "?-"e Sirlce s ;
t i t t ,i.' i r ; r ; l l . l t litl:i, t t - l cC o r l p a i t y i l a t , ei : c e ^ ; a iSt l l e d .
i i p p o r r i ( 1 0i ' , i l i l K [ ] a c l n a v 3 1 igrre I ' " c t r r c' I
r . ^ r r r t rr - i r 'Fr t r f i t l s r c ALr c J i ts o as io i i l l iale DCth cr r
r , ; r r : , ,i ; , , ' l :or r : r t : ; tAcu cl i tH epcnr na" '€'nt i fy t he I
s u i t : ; e c 1 u t t:or . trhr e i s s u eo f Pr o n i b i t o r y crder b l ' . F : . l ' t t
Sa r a t h y* g o 1 ' ' i ' r ' i - '
: ; tatLr l c tarr-ryd r torOSf t heC ompanyw r thdrew ther rA - : 3:pc r1{ Ori nCV eare nr l c r l ':-
' ' : t '
rn r r ie*o { ther rvi i r ' ' i i r i' 'a' '.' ' ' : ' | -
rbsequentrreys igned as Statutof ,1 ; l l , rofS 2O1l ;a nd i . l rSOsr . ' ' ' : -O3ec ienrr a" i r - i r ; : i ; r c ' i r ' ' : l ' : " '
Mar ch2 013 a. : r i i . r r J ri rt cpor tf or thc yeare nded3 1. ' to be recasia nci3 r ' r1l lr;1:
. ->lai r t toAr lu r l r t<l rst f.r ei lcctc' ' r rftos rt he said year r '1"6 i . l c t r r ! j : i L r i l t r ) 0 c o l ] l [ ) a n y i l h a s t n l r m a t h'-:-e d ' : o t h t l s xcirelrrgtlas botttt he al^rovoev ents that L r'r'-':|-j
c c u r i t i e s E x l h a n q c L 3 o ; t r c l l i f l i : : Sjtolk f t l v t ] t r vt l l the res iqnat ion Ol l j tatUtOr , AucJitors. |''1 :
lhr ,c; . rs;uavli lc; ]ncyr ; ausedh'a st ob ei i l led up orl
Ti rci ioardh as rcceivedrn t rmat iiornl t i ' r 3 [ l e i l l - ' i - '
asi j tatutorAy udi torosl theC om0arl^o:r ' lhe yea" -
TiexAi nnuaGi cneraMl eet inqT l ^ 'E' :c ar r j oi Direc'
: z . z . - . - . i a - - f i - . ; r . ; ' ; , - : i j l i . l ; ' , (1 . , ' ' l . : t l l
- - . - :3i c : : r7: , l , '1.e1f , , .1n f ; i ] , - -t r : ) l l - ' l - il'-1l
- t - a
30. '
, ,n, t i rcS tatLl t , rAyu di torsH encea sel larate resolut io(nl t emN o'5)
I r , , l l :l;j i r r r tJi r r (&im s r inrvasana,s s tatutory Audi torso f the company
lor the aPProi r r tmerrt il l
is recomrnendr:d
t h e r e s o l u t i o n f o r a d o p t r o n a s a n o r d i n a r y r e s o l u t i o n . N o n interestcdrn ihis resol t l t ton
vcui 'D i rcclorres commeno
l l t r [ )ot , ] r iiil re deemedt o ne
ITEM NO. 3
l - r r t :[ ]Oi r r .or l{ Dl rectorso f the cOrnp; inyv i r je ci rcuiar Resolut lonp assedo r r 2: Fr:brtr;l11'
2. i , i " , : , rar roornteiMi r . K r . FSaraj r as Ac i c i i ' r ionDarrr ec toor f lhe company ' in l c r r r t st >fl i r ( l
| ] l - i ) ' , :(-- . . !O] fS ec t ton1 61 o1t nec on.par l ies Ac t 20]3 and Ar l i c let 07 (a)o f |hc Ar l i t ; | t : : ; Oi
, : . , , ;rr i : ror i ro t rne conrpany,M r .K [ . L3alaSj i har ihl OICthJe of r iceu p to thed ateo r t f r rsA 'nr r i ' r i : l
i r . :1i . , , ( - ) r . (J.rnnc,ci t ht f r r :p rovrStorolsf Sect r<- r2nl >7 t : t th3 Cor r ]pani lSA ct 19retil i ro Ar i r ( : i ( -
. , , ) ((' '. ] t i l cA r t i c ; |eos1 A s soc iat ionth' c Companyr ecelVc raJ n oi t ce rnw r t l tngf1 r ^ . litl ]l ] 1. ) lnl ) ( ] r
[ ] i r ) i r ( )rs. rain c canr , idar tuoref M r . K r - "Baraf1oi r ' theo f f iceo f ihe Di rector together ' , 'hi '-ier)csrl
. . ' t ) : : ' f . ) . . .
. i l ' l c
| - r i . { ]rl( )St . l r l lc€l f)1 heD i rectorn i i ture of his exper t i : ; t lr n speci f icf unct ionat are;]s i : ' l c i r l ; } , ' - l { - ) S
Oj t l c ( . r ; r n p a n t 0 si n wh i c h h e h o i dS[ ) r r eCt o rSh i p i " ' l e r n o e r s h iopl t h e Bo a r c ] ' C ( ' t . " ' l r l l I i ' r : '
. .( , ,' . ' '.,. ' ' . tC(tll ClOw
. : i l ; t t a t r f r a s o v e r t h r e e d e c a c - i e ; s c f e ) ( D e ' r e n c e l n i : i a r q e c o n g l o l n e I r i i ( : r r - : si n a r e a s r e l a i i n g1 or n i ' t r k c : i r t i i i l t l - l ; t r l i ; t :
' ' ] ' ' ' r T l ' ; r , r l r: - r i i r r k o i r .d! li : ; c ; r p i r n easn c jh a s c o r r r p e t e n c r s k r i l l'' ' ' t tl'i' l r ' ' '
, t . r ) r j rf1. r ) | t lOr . l l . rr(.ln e t r k e t i nbqu r i g o t sa r l d c c . ' d i n e i t i o n wi t h Go v e r n n l 0 r -or {l l r r r " j r ;eO ' l j ' - ' - r rC r e l e l t i o nSa r t c Jm e d r ar e i a l r ' : t;jl Ct ' / r l r ; - ' ) r : ' r ' l
1 l l : ; l : , i r t : s ; t r j t : i:l,c wi t : ;a l : ;Oi n Ci l i i t q iO[rl r K i Ra l ; l t r j i r t ' '
. ^ . , i 1i j: ir ,Oi l iOr r n t : fri rSlc l aSsc r t c k e t e r: ; p o r tS a n a l ySla r t c iC Omme r l l a l r n r l ' r r l t r ' t : t r t r ;
I
I
I
, ,1" - , i t, i , , , , , , i r t tnr' Mu entberscl rtrftp n 0t loard / Cornmi t tcl0nsa nv6 1;1$pe1l r r i l i t r r ' :
Appror , ;.rt r r res harehor r jeisr sso rght{ orp assr r rtgh e resoi r t ionsse to uiu nd( l li ni l i r ( l r r' )r
' " ' ( .
' j ' : ' t e
. r , r )LDr rr rmendth er esOlUt ioinO ra .COpt rOf fnO neo l the Di rectorsr i ' ' ' - t1' -[' ':4 i K l -
reotorrse c( ) r t - ialal:rr r Jec rnetdc lb c interes terdn t hi sr esolul lon'
ITETNAO ,4
I l . t : i ] t l l l r r j l l f I ) r r e c t o r s o n ] 1 s r n e e t r n c r h e | c : ^ 5 | v ] a r c h 2 0 1 4 h a d ; ] p ' [ : '
) O : r l t t : o ' . i : - thep roVl t ) loii:l!i: !cc ' "1'
. , . . , i.. , : . r ,aia. s Addi t ronaDi t recol ( C: i -, - -1. , - : , r^inr lein- 'sc f f : , r :o c l r n l t ; r n r eAsc t . 2 0 1 3a n dA r t i c l el 0 7 ( a r - ' : ^ : A t t : c i e so f A s s c ca : c r ' - 1 l r t u' - ' - ' - r i i ' r r ' '
i r i i ( - i - , - , rCj i i nw6i i3f r t hC p rOv t s iOnosi Se t - ' i i o r2i : ' r o i t h e COf n p a n i e sA t l l l ' t ) 5 ( ii ' . ' i r r i ' r ' i r
121o_,t 1 leA r t rcleosf Associat iothne, cornpan. 'ccSlvead not icein w r t l r t ll0r i ) r l'il r ' i l r r r : ' i i j
, , ) r ( ipo: j rt .i rqe c andidatuorefD r I V Manivannafno rt heo f f icec f theD i rccloiIt lcict f rot ' r '
rJr :coso; rfi F ls;5.0 0/ - .
t
31. (
-
, - - - ; ; ; D ; ; ; ; " ; ; ; ; ; ; ; ; - * ; ; c i f
c r ' ln| t ionaar ' I i ) ' ' r :
resun::':i*:],:.Yliifrrch I rr,, brief treh oldsn i,u."to,,rri { rirot Jr)arci
',Mpe mbershipo onOr rameso 1t he ComPanies ln
I I CommitteaerseP ^ - * i ) r^^c ' ro nroVidebdg below
low -
rovided I
, , ^ _ ^{ { i^^r r _]ch,a sb eenp r incipasle crelary to lhe ( i t t v 0 r ' i t r n t : ' i t
i , : _ ^ r l n e ^ f i t a ^ f I l i l > U U s r r ' ' , ' . - r - ' ;:''.;ii;'|
J:[:,':., ],,1'ffi:.,.;;;F 1 € l i1'-";;;;onmAopn1'1i;;,.i r . 1:" . f' A , , r i r . . . r , r , . , . 1
i :l l;lii,::Tii:;:l l re( i l r " i r r r i ' ir1r
(,luu,:,nme.toiln.ia.Hefrelcruo,.iornpositions;inthevariousestablisl'rrnertis.l
1 ; f l 1 1 6 l r ;vl lZ .
. Chi r t r rnarft',h cnt - taPi or t Tr ust ( ) t lvernmer r to . fl ndta
. P r t r t c t p a l S e c r c t a r y ( t - t r g h e r t : c l u c ; i l i o n ) ' G o v e r n m e n l o f T a m i l N a c j u t
. F,rrnciSpaclc reta(rFy- nvrronrncnl & ForestsG) overnment o1T anriNi adt;
. SipcciaOl f l rcerM' unicipzrCl orporat ion of Chennat
. ( ] o m r n | S S | O n e r o f s u g a r r & o M t ] . f a m i l | . ] a d u S u q a r C o r p o r a t i o n
i ) r I V Mi tntvar r t tci llrore s not noicli ' lnvD t reclorsniP I Membershiop{ the Rci l r t j r . . - r l r r r l r l
a' ry Ot ' .erC Orn[ ) ; t ' t t ' '
AJrprovaol f thu' 'shaeth olde rs
lirc Nottcc.
" , ' .Lr i , ) l '0c l ( l r : ;r 0cor l l r r i ( , . rld tnc r e s c i r ' l i l o l
r , . 1 ' , r r r r . , ? f l l - l l n r : ; i i c e r n o c l t o b e l l n ' r e r e S ' ' t l 3 r l
y, :ur Dr reclorrse cof r l rnenclhJc resolul rcr r jor adopt roans an ordrnaryr esolulo r ' ' l'lonc l:r ' l ' i r
[ ) i r t :ctorasr;c dr eemectio be:i nte- ' r t :sted in this resolution'
Irlace : Chennat
Drate: 5'hM arch 2014
ts souqf l tl or rSassr rl-n'ce i { l : j0lui lol -s' lesl ( ' ' l . lil' i r l ' l r
{or adoplron l'lone oi l h : l [ ) r ' i ' ' l : : '
ihis r e s o l u i ' c -
j
ITEM NO. 5
1na c cor c Janvcrei t ht hc prov r s rons r Ct seclion 1gc ,:i :he companres Act
' ! l16 ' ' i l . ': ' i ' ' '
sec t ionz 2Sr t thAe c t .t hc cornpa. y recei veda nor i ce ' i ' r i t ingl rom a mornbetP roooi t ' i i l ' : i :
ap0oi r r t rneonl Mt l s .s unc jaram & Sl r inl vasaans Stal - : : ' ' AUdi tor so i the cornl : i l i '
Mer r r rbemrsa y krndryc o.sicJer thc expraratorys ta^: i - - ;nr provided in llerr f lo 1 1:l"r i i l " -
i ;e apgl r icabtror,:r ai r . ro 5 of the Not icrew r thr e.ca: :3 appointmr : r ' totf l " ' i ' : r i l r ' t . t ( j i ' " " 'st
Sr tntvaSa, ar lS S tatuloryA udr to.s o. ,t i . . ' "C ompan5 - . . . .c' . ,ac1. ii ' . .eS I l ; : | , j i . ' : ) l ; i ( ] . :
., 1.(| ]ii] ] . ] | l
outu ndetrh el ternN ci
;;;.r,;;ilt,esotutronssel
, ^- , ,^- . rr ^c
By order of thc []oarci
'V. Sclvaral
C itatrrnan
32. ----- **'-'RESERVEB ANX0 f lt{DlA-*'--" '- "'
,ri,rrffdh ai qK3TI-iq{ntLi h433 /1e'00'002/2013-14
rEtgss
,il-r'rf' E;Trr ftls,1t qfili'l-qq 2oo5.
i l r 3'i -t t q - '1' / 9 0 /-2 0.i' 1{f: lf'i1 4nft;'itlqi sqr
I T,trlt Tfi Hqq q( i'
18 n;14ft 2A141il q1l;I q{ff, 6l Hili il
jir{-qltrl, 17gol?01"1-14 r{( 3ilqt drr'r YT(n
rr,ili+i i 4412013'14 r{{ +{irfi'r cTfuqirtl
cz in* zot+
1!s:t2o_1:3_:: . - -l
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18, 2014 aooressed to the /rPPelatr:
AuthorrotYn the aboves ub]o!'i - .
Your APPeal 4412O13-14 (Jtr RIA
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I
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33. Before the AppellatcA uthority undeRr ight to lnformationA ct' 2005
ReserveB anko f lndia' CentraOl tfice' Mumbai
APPeaNl o:D NBS - 4412013-14
Name of the Appellant
- l - r ideeRpa iB handat t
t Shri
Date of R'Il Applicltion
: Septembe2r 7' 2013
D3 1os f r e c c r p t of RTI Application
: Oc t o b e0r 1 ' 2013
C[ ) lOD, epar tment of Non-B ankingS uper rvision (DNBS) :
I l . t l A N o 1 7 g O t 2 1 1 i i - 1 4 ( R e p l y d a t e d N o v e r r t b e r 0 6 , 2 0 l 3 _ A n n c ' x ) l
Dateo f receiSrot f First Appeal
: January? -7'2 014
1 I i r ; rvcq on( ;t:n rot lqh the papersa ndt he content ionosf the appellanl
Grountol f Al lpeala nd OLrservations:
. ' r . r t f r f r r r ( ii ' " : ' t i ' i i i ' - i ' ' t i c ' l l a l l oi i i l ' f c i r : l a t l O n
My rJtrs;ervaliions:
seckrngc er taind et i : i r rs :rlr I
Mls Fi rstL r :asinCg ( ) ' ) l )Li i - l ) "
item wise reply ro thtl tlltc:t.:
3 lht : appc l lar r tl ' rai j t r i lde an appl i cat i c rn to Rtll' Cf i e t t r t a l
coptcso f do' : t l rncntss uch as not ices' orders etc' issueci to
of l rcj t r rL - t t i( ' t t rec L) rnpal ly' ) The CPIO' DNBS harti issued
qut l r icsr r;l ar r lbcy thc appel lant '
furnishct t r t rer nfornrat i .Ar 'sr sr iui r r t , ' r
n0.2, thec pro has 4 ln i . .spror , rtSot )q uery O p | ) r . ] 3 1 S c C ] r I ] S l o b e a g a i n s t t h e r e p | y t o q : : r y ' ] : . & 3 l r r h i s r e p l y i l g q u e | c t : , l O D N [ ] S h a d p r o v i c i e ; d t h e r ; o p i e s o f a l | t h e r e q u i r e d t j o c u r r t e r r t s e x c F : p t t l t r . t : f e r r t l c i t o r r r : ' p e : c t i o r t f i n t i i n g s C P l O ' D r N B S h a c i c l : : r rndrc: r n e d rl e i l x t tsi e r Ld)' n p i t l i ' o ' ' ' n : l f r o t r i d r s c copieso fw hrcf r r /ei 'er ol " -1
' ror r idecl r - r t rqard:t;i r r_,ciocr r rnc:nts t i re R-l I Act)
: . ' r l l r l { l l t i lht t c ' l' nfor r r 'at io' Ac r r 200l ji ' ' ' ' - l ' r l ; raf ter .
34. r ,ara f icjei ntent iono n the par tt t f cF: ' lo'
b l , t i re apprearth, e appei lanht as at t r ibutecl quest ion
r )N' r j fcl r crar r . rngc xcmpt ronu ndert he aforement roned provisionsT.h e wht : t i r r : rf t Lj l is requi re<tjo discloseth e informat ion cor r tainedin lnspect ion/Scr t t l t ' ' r ' i '
al ter r t iortlr '
f lepur t : ;r l r thc dc,cuntc:nttlsa sedo n the sarne' haSb een engagingth e decisionas. d operat ioonf o rdr : rso { l ) ; i l
Honb rcf l rgho our tso f Derhai ndB ombayT. her or lsl r avr :
<j i r .ct i r rIrilB r to r r iscr 'sei i re i . format iocno ntar ined in Inspect ioniScrutRineyp 'The r lur ingt he pendency of writ Petiirrrns
Ho[t'Dlc
bc, :en: , t l : ryeb1y1 t f re Higl rc our ts,Delhrt l igl rC our t ' int i - rec aseo f BeserveB ar rk of Indiav- ' Ashwi r r iD ixi t " ho- "b y i ls
orci r :crl i r l r :d1 A104, t20is1s2u edth ef ol lowingd i rect ion which is self explanatory'
.Sirrtr.v.Ca'r irsucs. js(]s invOlvintchle sttmeq ueslionsa re repeatedlay nsn51
ot.)a coounc,l> fpassjngo f sirnilaro tde,rsb y the learned clc' Idirect tltrt
I r , t : r n e c l C t c t o a d i r t u r n h e a r i r r g i n a t l s u c h l i k c c i i l s e s w l t i c h i n v o l v e : l l t t )
rj;:;r;|osrlrt:of(i)theinspectiotlreporfspreparedbytheReseryeBankof
Irttlta( rr) lht: nr>tingisrt relatiortto irts;pection proceedingsc onductacl:lt '
ii;r:l i'sr;r t,r: Banko l trrrlia(r;i r)t tte boarcl meetingsr rtinuteosf tlrcl ?r;'sert'i''
I t t : n l < o f l n c l i a i i s w t : l t i - ] s ' c o n c e r r t e c l b a ' " t k ' > ^ ' a n d c t ) f f c s p { t ! t r ' r { l / l i : '
L.xcntln(Jt)tt1te twr-:t:rtlrr ef lcser ve Bartl'o: f tndta anrl the concerrteol- );;tti<s
ln t i r r :0 t r . . rns I i r r , . " r ,I agreew i tht he'C: lPlO, DNBS that the infor rnat iosrot t t t l l t tb f ih' '
a;r;rr:llairst rt :xt:rrrfprto rnd tsclosurc
0 lt i:j orr:;r,'rvferroJr l the recordtsh atr n rts reply to queryn o' 3' cPlo' l)l"li-lsli ei:;
provr r - l r :Idr c r )alances i reet and prof i ta nd h:ss accountf o1 the,Y care nded N4ar rc3h' i
.20^, . t . .1ssi rc)wr rin the annual repor t of that Company' but C[aimede xe' tnpt tot r lrorrt
r j r s c losut tot lf t l ( l rr ecas tb alances heett lnder clause (e) of section 8 (1)of i l r t : i il i i c '
T- t r .r . ( . )o( . ) rrrcJrs,;, catl hat t l re cOmpanyr ecaSted i ts balanCes heet and subr t l t l l t - 'cl lj- i i '
si , t r r r rt)o t l - r t :[ : ] r l r tkp r : rsuar t tt o [ ]ar rk's inr ; t ruct ions1 ; iven dur i r rgt he t lor l tst ' 'O i lh' i
in: , J t r :Ct i r tIrirr r : r t :cf; re,t he recas tb er lances heet wi l l alSo fal l t rndert l t c :c x' l r I l [ 'LrICi
re: f r : r re1col n r c l ; Juse(e ) of sec t ionB (1)ot thr : RTI Act
35. / l t tv iewo f thea i rovt : ,I f ind r ror r rcr iitn the al legat iotnh atC PIC i ras der r iedi niofnt i r t i { l l
v'rittltV lalafid e.
Tl rea ppeails therefored i s rni s sed.
B , - | h e o r d e r r n a . 1 b e s e r v e c l o r r t h e a p p e | l a n t .
n KA,^ '*[, *--
IP.V i jayaB haskar ]
Execut ivDei rector& Appel lateA uthor i ty
sgl03l)ci4
36. I$ N5E
NA'I'IONALS TOCKB XCHANGOI' F INDIA LIMITED
DIiPARTIYIENT : LISTING
wnlcradI{ c1'.No:. NSF./CMI1 251 4 4
;ulaRr el'.N,.o9 9612013
I r' l l M r : r t r l l t ' r s
.$ub: Su-spensioonf ' trading in erluitys hares
Date: Decernbe2r. 2(13
'l'rading
In pursuarrcoel' regulation3 .t.2o f theN ationaSlt ockt) xchange(C apitalI Vlarket)
llcgulation[s)a rt .,,i t is herebyn otifiedth at hef ollowinsge curitieus, illb es uspendcfrdo mt radinpt
rv.ei lJecrer rbc.1r0 ,2 01.1(i .e.c losingh ouros f tr:adinogn D ecernbe0r9 ,2 013):
Sy'rnbol Reirson for suspension
Non-compl iancrev i th provisionso f List i tngA greernent
whichi nter -al iain cludesn on submissiono f Corporatc
anceR ep orta ndR econciliatioonf S harCe apira
AMAR for the pe riocl ended June 30, 2013 anti Corporate
GovernanRcce portS, hareholdinPga tternF,i nancnl
Resultasn dl leconciliatioonf ShareC aoitallb rr he
r iod endedS eptembe3r 0.2 013
Non-cornpliancwe ith provisionso f LisriingA greenrcnr
whichi nter -al iai ncludesn on submissiono f Finanr : ial
Resultsfo r the period endedS eprembb3r 0"2 01:I._
Non-complianwcieth provisionosi ListirnAgg recmcnt
whichi nter-aliain cludenso ns ubmissioorfn
Reconciliationf S hareC apitaflo r rhcp eriode ncled
June3 0,2 0I 3 andS hareholdinPgd rterann d
Reconciliationf S hareC apitaflo r thep criodcn dLcd
Sep tcmbe3r0 ,2 013.
Non-compl iancwei th provisionso l 'L ist ingA grcenrcnr
whichi nter -al iain cludesn on submi ,s.siSonh archolding
Pat terna nclR econci l iat iono f ShareC api talf orr hc
per iode ndedJ une 30, 20l3 andS harehrbldipnagr rcm
andR econci l iat iono [ ShareC api talf or rhcp er iod
cnrledS eptemb3e0r, 2 013
Fiegdo.f f ice : Fxchanl ; .p razaB, andraK ur rac omprexB,a ndra( E) ,M umbai - 400 0s1 Pnop
'l
nf ?
37. t--
I
5
o
I 0
lI
I
1l
l
I
' t ' h i s
-t
lsurv
iysrcrnsI 'ited I
l ' ( 1
Sol t s
L i r
Iji rst l
Conrl
Inr lai
( r C (
t . i r
K I ) I -
I , I
K i t p l l
I , r
K I - (
I - r
c r r c u l asr hallb c effectivfer omD ecemb1e0r ,2 01- l
lior alrd on behalf ol'
ItiationalS tock F)xcharrgoef India Limited
Iiania Survt:
t , ivla ra) ger
, I
IiDSIIRV EQ/BL
Non-compliancweit ht hep rovisionosf L isting
Agreernenwrh rchi nter-aliian cludenso ns ubmissioonl'
FinanciaIli csultsa ndR econciliatiooln'S harCca' pital
for thep enode ndedJ une3 0,2 013 andC orporate:
GovernancRee portS, hareholdiPnga ttenF,i nancial
Resultsa ncRl econciliatioonf ShareC apitall' ort he
oeriode ndedS eptembr e3 0,2 0t3l .
Leasni g
l)anyo f
I - i r l i t c d
ITlRS-fL,EASHLQ/BL
Non-compl iancew i th provisionso f List i r tgA greenleni
which inter -al iain cludesn ons ubmissioonf Financial
Resul ts1 'ort hep enode ndedS eplembe3i0 .2 013.
r r lcscr
r r t c t l
Il rotr:ch
n i t c < l
GEO])ESIC
KOI)DItIJ(JS
EQ/tsr-
IJE/I]L
Non-cornpl iancew i th provisionso i l . ist i r tgA greentent
which inter -al iai ncludesn ons ubmissiooril Financial
Resul tsf o r lhe per iode ndedJ une3 0, :201a3n d
_- Septembe3r0 ,2 013.
Non-conrpl iancerv i t l tp rovisionso f l - ist i1tAgg neernent
u'hi<:hin ter -al iai ncludesn ons ubrnfusioonf
ShareholdingP at ternF, inanciaRl eiul tsa nd
I tecor rci l i rjto n ol ShareC api talf or thep er iode ndcd
June3 0.2013a ndC orporatGe overnaf iRcec por t .
Shareh oldingP at ternf,r inanciaRl csul tas nd
Reconci l iat iono f ShareC api talf or thcp cr iode ndcd
Septembe3r0 ,2 013. j
n ( l u s l n e
r) I te(l
Ki'I'I'I-YINI) t]E/I]L
Non-compl iancerv i thp rovisionso f List i f i_Aeg reen ren
rvhicl ri nter -al iain cludcsn ons ubmissioonf
Sharc-holdinPga t terna nd Reconci l i i r t i torin S har , :
Capi tall 'ort hep er iode ndedJ une3 0. ;201a3n d
Sharef roljdn g Pat tcrna ndR ec<rnci l iat io6ln'S har , :
Capital for the period ended Septemr 30, 2013.
Systr:l
l r i ti:<l
KI,GSYSI'tJI BE/tsL
Non-cornpl i l rncwe i th provisionso f List i i rgA greernent
ivhi ch i nt er -ali a i ncludesC orporateC Nrvernancc
Report, ShareholdingP attern,F -inanciaRle sultsa nd
I{ecorrciliation of Share Capital for the period ended
JLrne3 0, 2013 and CorporhteC ovc'rnahcRc cporr..
ShareholdingP at iernF. inanciaRl e$ul tasn r i
l lecor rci l iat iono f ShareC api talf or thep er iode nded
Septembe3r0 ,2013. ,
t legr j t ) f { ict :: F,xchangp,lea zaB, andraK ur rac omprex.u, andra( E) ,M umbai- 4000 s1 Page 2 of 3
39. RESERVE BANK OF INDIA
rE-rg.d'l'
jrtH$#ffiIfi
3Il /ilrPrl0lr0llrroopot{.f ta
it{.{R.fur,gifts< 4393r/ 3:06. oo7t zu4apl14
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SIUqEi
srRifrcqf tttfr frfta-q* 3 t*frt
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arn (X4,Tcf aooosr
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FlrsLs_elry,{4qta!!"Q e_nlq- il 9glggp$tit!!
a.5 f,* fr arrofi * :nqr t fu lq{+a .hqfr t
rhr .l1 artrdra{ iei +enotr^t rta rl thqr sn 16r
2. t{ sr{;?I f u-0 qfta fi'.qr ;ndr t ft crq*q
tkrd f,* q+ra er.fm M {o. flfr{furrT ff qt
45tr.6 ilql 45o fi f,-Fd 13 Rdrr{, ZO1A +t
,r'rt fdf$a rro gl*<r Rftts, "*a$ +t go
f.drr -.nt fi'qra"qr qI. F{T Tir:{Frr f afi fu(
'lv 6{rt is ftrlfu Sl qfi cF} Tiilrd t. *fi *f
rl.i 4. :+nrrrr $ gg tre;l -h
ilt f 3gEry6 i54yg1
.rrrn rn (vfifilfQ T1{r41.
3. 2163 rrr{i ;Frorfr dh yrqrzro srffi * trs
t
It hasc ometo t hen dce of the Bankth dth e
shares of fie ca$oned company are Fing
baded on lhe 8ornbry s'bdc B<dtang€..
2. In thig connectionit is advised $al the
RBI has issued certah direcffons under
Sedions 45JA and 45L of the RBI Ast t931
to the cunpanyo n Scgemb€r 13; 2013.A
copy of our Prefs Releese bsu$ In $is
regardis srcbsed.S EBI was also appfleed
of $e dewlopnent through meil (popy
enclosed)
3. This b fur yom information and necegsary
actlon.
xdat<Ll
L :C
ol "'-.-
(F.tm)
3!rqilqdqm
. riJti - rti-fir,
tn {f6r q{tsq fiqm, ffiq +rcfirq , zdtc.ilq iFd( t , ft's
'hr
06 rTI*,' za14
,G' EtT , ffi +m
2218252.62 2189 131:q -m ; 22150 540, 216 2763; tlq : cgmicdnbsco@rbi.ofg.h
Dcpatmnt of Non-Banking Srpcnision. Csotral Ottfrccf, noor. Cent" l,yfrc, Clfic Parade,M omUai- +0f 0OS
Tcl.No.:72tB2526,2218,9 Fl3at rN o,.221505lOJ2152?58;:Ecg-urrild cdobgg0rHact;ds
40. oEr^irutrr or cot^r.u.crilr, c,ilrm4;iix;iffi}.d;t-r
.s|tcmqftnCl{im,
RE:sEtrl,E BA'r|X. C)F |NDIA
hwc:wwurU.og.lffindt
Websltl :wmr.rt"o4.h
p;trc ernd: hdndctiu_on h
t$a/Phorr: !t Z l26G olcr lEvtrr 9t A Un6 €Sr
*[?l';fr[::Hi:3,1tff1Jil.F,o
Int hel ighto f the findingso ft hei nspsgtimof t heb ookso f accountas nd
otherre cordass on March3 1,2013oFfi rsLt easincgo mpanoy f lndia
Ltd.7, 49,A nna sarai,c henna6i 00002t,h eR eserveB ank of lpdiah as,
in publici nterest and in exercisroaf the powersc onfened on ,it
by
Section4s5 JA and 45L of thoR es,ervBear nko f IndiaA ct, 1934,d irected
thatu ntiflu rthero rders,F irstL easincgo mpanoyf IndiaL td.s hall not,
(a)s ell,t ransfer,c reatec hargeo r mortgagoer deal in any manner
withi ts propefi and assetsw ithoupt riorw ritten pennissiono f the
ReserveB anko f India;
(b)d eclareo r distributea nyd irdtlend;
(c,lt ransacat ny business;of
(d) incur any turther liabiFtie.
PressR sleass: 20,13 2Oi4l5Gt
Atpana Xlflowab
PrintipaCl hi€fG sneralt hirdiror