NEW DELHI : Shareholders of controversy-hit PTC India Monetary Providers have authorized the appointment of PV Bharathi, Seema Bahuguna and Naveen Bhushan Gupta as unbiased administrators of the corporate, mentioned an organization assertion .
The shareholders‘ approval comes after the board of the corporate had cleared their appointment on 14 November.
Bharathi is former MD & CEO of Company Financial institution and he or she has been a board member of a number of banking and monetary sector corporations. Seema Bahuguna is former Secretary, Division of Public Enterprises, authorities of India.
Naveen Bhushan Gupta is a chartered accountant and former director (finance) state-run Energy Finance Company.
The PFS assertion mentioned that shareholders additionally authorized the reappointment of Pawan Singh because the MD and CEO of the corporate.
Additional, in the course of the AGM, the shareholders additionally authorized the appointment of Lodha & Co. Chartered Accountants because the statutory auditor of the corporate.
The shareholder approvals got here an important time as the corporate has been within the information for the latest resignation of its unbiased director citing company misgovernance within the firm.
Up to now one month, a number of unbiased administrators — former diplomat Preeti Saran, BSE chairman S. S. Mundra, former secretary within the finance ministry Sushma Nath, former principal chief commissioner of earnings tax, Mumbai, Devendra Swaroop Saksena and Jayant Purushottam Gokhale, founding father of Gokhale & Sathe — have resigned from the corporate’s board.
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Supply: Live Mint