Enterprise
CHENNAI
AirAsia India
loss narrows
to Rs 26 cr
q To double revenue by 2018-19 q Unveils new range of engines, gensets
NT Bureau
Chennai, Feb 27:
TAFE Motors and Tractors Ltd,
the wholly-owned subsidiary of
TAFE (Tractors and Farm Equipment), has launched series of
gensets and engines, as it plans
to double revenues to Rs 1,000
crore by 2018-19.
TAFE Ltd acquired the gears,
transmission and engine business from Eicher Motors in 2005
through the subsidiary TAFE Motors and Tractors Ltd for about Rs
310 crore.
The company retails Eicher
Engines up to 45KVA and TMTL
TAFE Ltd chairman and CEO Mallika Srinivasan and others at an event
in Chennai on Friday.
Engines from 62.5 KVA and
above, to various sectors in-
Indians on top posts of IP body Vow to create right atmosphere
NT Bureau
Chennai, Feb 27:
After a decade, two Indians have
been appointed to the governing
council of global IP address managing body for 56 Asian countries. ISPAI
president Rajesh Chharia and ISPAI
executive council member Roopinder
Singh Perhar from India have won
the Executive Council (EC) election
of Asia Pacific Network Information
Center (APNIC), in New Zealand. ‘We
want to create the right atmosphere
for ‘Connecting the Unconnected’.
At India too, under leadership of
Prime Minister Narendra Modi we
are running Digital India program to
empower people by connecting them
to Internet.
I would look forward to playing a fur-
ther role in strengthening the position
at proposing and formulating policies
as per the needs of the community,’
Chharia told PTI over phone from
New Zealand. He has won with the
highest number of votes (1533 votes)
and elected to the position of Secretary APNIC in the seven member
Governing Council.
At this position, Chharia will handle
administrative function of APNIC.
In 2005, Kusumba Sridhar was
elected member at APNIC governing council.
‘This has been a historic win for India and I am delighted that for the first
time India has been able to garner
this kind of participation in decision
making at APNIC,’ Ajay Kumar Additional Secretary at the Department
Bank operations
may be hit big-time
Many banks including
Bank of Baroda, Canara Bank and Andhra
Bank have issued advisory informing about
strike call and inconvenience to customers
if it materialises.
Officers Federation (AISBOF) being affiliated to
AIBOC, will also participate
in the strike. Since the call
is for nationwide all bank
strike, our Bank will not be
separately impacted, if the
strike materisliases.’
AISBOF claims to represent over 90,000 officers
of SBI and its five associates namely State Bank of
Bikaner and Jaipur, State
Bank of Hyderabad, State
Rs 1,917 crore
collected under
Swachh Bharat Cess
New Delhi, Feb 27 (PTI):
Government has collected Rs 1,917 crore under Swachh Bharat Cess,
which is imposed on all
taxable services, till January,
Parliament was informed.
Total donations received,
including interest, for
Swachh Bharat Kosh totalled Rs 369.74 crore, of
which Rs 359.2 crore were
released for construction of
toilets, Minister of State for
Finance Jayant Sinha said
in a written reply in the
Lok Sabha.
‘The fund utilised under
Swachh Bharat Mission
(Gramin) since October 2,
2014 is Rs 6,411.05 crore,
including Rs 185.22 crore
spent on print and electronic media,’ Sinha added.
The Swachh Bharat Cess
in a non-lapsable fund. The
cess is imposed at the rate
of 0.5 per cent.
Bank of Mysore, State
Bank of Patiala, and State
Bank of Travancore.
All India Bank Officers
Confederation (AIBOC) has
threatened to go on strike
to protest termination of P
V Mohanan, General Secretary of Dhanlaxmi Bank.
Meanwhile, in a separate
filing, state-run Indian Bank
said, ‘All India Bank Officers Confederation (AIBOC)
has given a call for observance of All India Bank
Strike on 29 February in
support of their demands.
If the strike materializes,
a section of the Bank’s
employees may take part in
the proposed strike on the
said date, in which case,
the normal functioning of
the branches/offices of the
Bank may get affected.’
AIBOC General Secretary
Havinder Singh had recently said that members of the
Confederation will go on
one-day nationwide strike
this coming Monday as
Mohanan, who is also AIBOC’s Kerala State President, was terminated from
the services of Dhanlaxmi
Bank invoking draconian
clause.
cluding corporates, telecom,
retail, agro industries, TAFE
Vinod Rai in
race for Banks
Board Bureau
chairman post
‘Connecting the
Unconnected’
ALERT
TOCUSTOMERS
7
TAFE reveals growth plans
Mumbai, Feb 27 (PTI):
Despite a threefold growth in revenue, AirAsia India recently reported
narrowing down of its operating loss
to Rs 25.65 crore in the December
quarter. The airline had reported
a loss of Rs 65 crore in the JulySeptember period of 2015.
The statement from the airline did
not share the year on year figures.
It may be noted that AirAsia India,
had begun operations in June 2014.
The loss comes even as other airlines
which declared their numbers has
reported record profits on rising traffic
coupled with record low fuel costs.
The airline, which is promoted by
Tata Sons, AirAsia and Arun Bhatia
said revenue rose 232 per cent to
Rs 208 crore and it registered strong
capacity growth of 133 per cent.
New Delhi, Feb 27 (PTI):
The country’s largest lender SBI said, a section of its
employees may take part in
an agitation on 29 Februarya day when Finance Minister
Arun Jaitley will present the
General Budget.
In a filing to the BSE,
State Bank of India (SBI)
said, ‘All India State Bank
SATURDAY
27 FEBRUARY 2016
of Electronics and Information Technology said.
Kumar said the scale and impact
of Digital India makes India a very
important player in the Internet community and India would be participating actively in fulfilling the global
responsibility for the next generation
of growth of Internet.
The council is headed by Nepal
origin US resident Gaurab Upadhyay
as Chairman. Chharia is also serving as Director of National Internet
Exchange of India and has played
a key role in the launch of thebharat
domain name extension and other
regional language domain names as
well setting up of the Indian Registry
for Internet Names and Numbers
(IRINN).
New Delhi, Feb 27:
Former CAG Vinod Rai
and prominent bankers Naina Lal Kidwai and Deepak
Parekh are believed to be
in the race for the post of
chairman at the proposed
Banks Board Bureau (BBB).
The Bureau will give its recommendations on appointment of directors in public
sector banks and advise on
ways to raise funds and mergers and acquisitions to the
lenders. The Banks Board
Bureau (BBB) is likely to be a
six-member board comprising
former CMDs of banks and
experts from the financial
services sector.
The government is considering names of former
Comptroller and Auditor General of India (CAG) Vinod Rai,
ex-HSBC India chief Naina
Lal Kidwai and HDFC chairman Deepak Parekh to head
the Bureau, sources said.
Ltd, Chairman and CEO, Mallika
Srinivasan said.
‘With the launch of new range
of gensets and engines, we will
now have a comprehensive range
of products. We are looking to
increase the revenue stream from
this business. Our value proposition to the TAFE Group (from this
business) today is Rs 500 crore.
We are looking to double that to Rs
1,000 crore by 2018-19’, she told
reporters.
Claiming that it was for the first
time CRDi technology equipped
in automobiles were incorporated in gensets and engines,
What cos expect
from budget?
NT Bureau
Chennai, Feb 27:
With less than 48 hours left for the Union budget,
industry leaders have revealed their expectations on it.
Founder and managing partner, Next Orbit Ventures,
Ajay Jalan said, ‘as the Union budget is scheduled to be
presented on 29 February, we are looking forward for
government support in creating a positive environment
pertaining to venture capital (VC) and private equity (PE)
funds in India, and bring it at par with the global standards.’
He said: ‘A very small portion of start-up investments is
funded from domestic sources. Regulators such as RBI
and IRDA should encourage institutions regulated by them,
to invest in VC/PE asset classes. Pensions and provident
funds should be encouraged and investment limits for
banks and insurance companies in VC/PE Funds must
be increased from 10 to 25 per cent. Lastly, we should
permit large sum of charitable or religious funds lying in
bank deposits to be diverted to VC /PE funds. Also individual investors should be given tax rebates for investing
in VC/PE Funds.’
Metropolis Healthcare Ltd managing director and CEO
Ameera Shah said, ‘We keep talking about budgets and
allocation but what has been lacking for decades is an
overarching vision for healthcare and an effective road
map with concrete steps to achieve the same. If you
look at the budget presented from 2011, over 15-16
per cent of the budget remains unused at the end of
the financial year.’
Mallya’s ‘sweetheart
deal’ faces Sebi scrutiny
New Delhi, Feb 27 (PTI):
Business tycoon and
owner of the now defunct
Kingfisher Airlines Vijay
Mallya has come under
the scanner of Sebi after
his, Rs 515-crore ‘golden
parachute’ to exit United
Spirits faces an extensive
scrutiny by markets regulator Sebi. Officials are
looking into possible violations of corporate governance and other norms
because of this deal.
FRESH DEVELOPMENTS
The Corporate Affairs Ministry may also look
at the fresh developments that have taken
place because of Mallya deciding to quit as
Chairman and Non-Executive Director at USL
after Diageo agreeing to pay USD 75 million
(over Rs 515 crore) and to absolve him of
all liabilities with regard to alleged financial
regularities in the past.
Sebi is looking into the
role of United Spirits
and its main promoter
UK-based Diageo plc,
as also that of Mallya
and his group firms that
are or have been shareholders in India’s leading
she said, customers would be
able to get a 15 per cent savings on total cost of ownership
compared to products offered by
the competitors.
The company holds ‘dominant’
market share across the segments
including over 90 per cent in agrosector alone, she said, adding
the company would also look at
shipping the products to emerging
markets in Asia and Africa.
The company exposure in engines and gensets division was
about 23,800 units which she said
it was expected to reach 40,000
units by 2018-19.
liquor maker, a senior
official said.
Sebi is scrutinising intricacies of the deal and may
soon seek further details
from USL, Diageo, Mallya
and others.
Besides, the regulator is also looking into
the trading data for USL
shares to check whether
there have been any violation of insider trading
norms or other irregularities.
Federal Bank
expects 15-20%
rise in advances
Mumbai, Feb 27 (PTI)
With its larger peers busy
in cleaning up their balance
sheets, South-based private sector lender Federal
Bank is looking at it as an
opportunity to grow business and expects 15-20
per cent credit growth in the
next financial year.
‘t a time when some of the
large and medium-sized
banks are going through
stress, with their focus
more around getting their
consolidation and act right,
it opens up a remarkable
space and opportunities
for us,’ Federal Bank
Managing Director and
CEO Shyam Srinivasan
told PTI.
India- ASEAN-Sri Lanka Chamber of Commerce and Industry president C S Muthu Subramaniyan speaking
during an interactive meeting with Consul General of Malaysia for South India Ahmad Fajarazam Bin Abdul
Jalil in Chennai recently. The chamber’s Chennai director C Sarat Chandran, vice-president S Soundara
Rajan, Export Import Bank of India DGM and Regional Head Nirmal Biswas are also present.
I, KARIAMBALAM SEKAR S/o,
KARIAMBALAM, Date of Birth
07/02/1970, holder of Passport No:
K5268771 issued at DUBAI, On
18/07/2012 and presently residing
SHARJAH, UAE and permanent
D NO 403 GANESHAPURAM
ERIYUR PO TIRUPATTUR TK
SIVAGANGA DT 630566 (correct
permanent address in India), do
hereby declare that I have changed
Name from KARIAMBALAM SEKAR
TO Given Name: CHANDRASEKAR,
SURNAME:KARIAMBALAM with
immediate effect.
NPPA fixes
price of 45
medicine packs
New Delhi, Feb 27 (PTI):
The National Pharmaceutical Pricing Authority (NPPA) has fixed the
price of 45 formulation
packs including those
used for treating cancer, epilepsy, heartburn,
eczema and bacterial
infections.
‘NPPA has fixed/revised the prices in respect of 45 formulation
packs under Drug Prices
Control Order (DPCO)
2013,’ the regulator said
in a notification on its
website.
The companies whose
drugs are included for
price fixation includes
drug majors such as
erstwhile Ranbaxy (now
Sun Pharmaceutical Industries), Torrent Pharmaceuticals, Abbott
Healthcare, Glenmark
and Cadila Healthcare,
it added.
IN THE HIGH COURT OF
JUDICATURE AT MADRAS
(Ordinary Original Civil Jurisdiction)
C.S. No. 768/2014
M/s. Geodata Engineering S.p.A
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ROHAN CHERIAN
COUNSEL FOR THE PLAINTIFF
FORM NO.5
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(Ordinary Original Civil JuriIdicticn)
COMPANY PETITION NO. 47 OF 2016
Connected with
COMPANY APPLICATION NO. 53 OF 2016
In the matter of the Companies Act. 1956 (1 ot 1956) And In the
matter of Section 391 to 394 of the Companies Act, 1956.
And
In the matter of Scheme of Arrangement for Demerger between Sri
Ranganathar Industries Private Limited And Sri Ranganathar VaIves
And Control Private Limited And Their Respective Shareholders.
FORM NO.5
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(Ordinary Original Civil JuriIdicticn)
COMPANY PETITION NO. 48 OF 2016
Connected with
COMPANY APPLICATION NO. 54 OF 2016
In the matter of the Companies Act. 1956 (1 ot 1956) And In the
matter of Section 391 to 394 of the Companies Act, 1956.
And
In the matter of Scheme of Arrangement for Demerger between Sri
Ranganathar Industries Private Limited And Sri Ranganathar VaIves
And Control Private Limited And Their Respective Shareholders.
0.01%
Sri Ranganathar Industries Private Limited, a Company registered
12/45, Thadagam Road, Edayarpalayam Post, Coimbatore-641025,
represented by its Managing Director Mr.V.Narayanasamy.
...Petitionber/Tranferror Company
Sri Ranganathar Industries Private Limited, a Company registered
12/45, Thadagam Road, Edayarpalayam Post, Coimbatore-641025,
represented by its Managing Director Mr.V.Narayanasamy.
...Petitionber/Tranferror Company
Accordingly, the Special Resolution indicated above has been passed on 24th February 2016.
The aforesaid scrutinizer report and detailed results can also be seen on the Company’s website
www.aurumsoftsystems.com and stock exchange website i.e. www.bseindia.com
By order of the Board of Directors
Date : February 26, 2016
Srikanth Ramanathan
Place : Chennai
Managing Director
NOTICE OF PETITION
A Petition under sections 391 and 394 of the Companies Act, 1956
for sanctioning of the Scheme of Arrangfement for Demerger of the
Unit-II of the Petitioner Comapany and transferring/merging/vesting of
the same into M/s Sri Ranganathar Valves And Control Private Limited
was presented by the Petitioner Copmpany on 16.02.2016 and the said
!
"#$%&$'%$
Any person desirous of supportuing or opposing the said Petition should
send to the Petitioner’s Advocate, notice of his intention, signed by him or
his advocate with his name and address, so as to reach the Petitioner’s
* + " ! the Petition. Where he seeks to oppose the petition, trhe grounds of
"**!+$
A copy of the Petition will be furnished by the undersigned to any person
requiring the same on payment of the prescribed charges for the same.
Dated at Chennai on this 22nd day of Februray,2016.
V.SRINIVASAN,Counsel for the Petitioner, No.1/1, Third Street, East
Abhiramapuram, Chennai 600004.
NOTICE OF PETITION
A Petition under sections 391 and 394 of the Companies Act, 1956
for sanctioning of the Scheme of Arrangfement for Demerger of the
Unit-II of the Petitioner Comapany and transferring/merging/vesting of
the same into M/s Sri Ranganathar Valves And Control Private Limited
was presented by the Petitioner Copmpany on 16.02.2016 and the said
!
"#$%&$'%$
Any person desirous of supportuing or opposing the said Petition should
send to the Petitioner’s Advocate, notice of his intention, signed by him or
his advocate with his name and address, so as to reach the Petitioner’s
* + " ! the Petition. Where he seeks to oppose the petition, trhe grounds of
"**!+$
A copy of the Petition will be furnished by the undersigned to any person
requiring the same on payment of the prescribed charges for the same.
Dated at Chennai on this 22nd day of Februray,2016.
V.SRINIVASAN,Counsel for the Petitioner, No.1/1, Third Street, East
Abhiramapuram, Chennai 600004.
AURUM SOFT SYSTEMS LIMITED
Regd. Office: New No:9, Ground Floor, 4th Street, Venkateswara Nagar, Adyar, Chennai-600 020,
India Tel.: (91)-44-42187785/ 94
e-mail : arun@aurumsoftsystems.com Website: www.aurumsoftsystems.com
CIN: L32200TN1994PLC026958
NOTICE
Pursuant to Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014,
the approval of shareholders was sought by Postal Ballot for Winding-up of the Company’s Wholly Owned Subsidiary as per
Notice of Postal Ballot dated 18th January 2016. The result of the Postal Ballot was declared on 26th February 2016 as per the
report submitted by Mr. Aashish Kumar Jain, Practising Company Secretary, being the scrutinizer appointed for this purpose.
The summary of the results are as follows:
S No Subject matter of resolution Total no. of
No. of
Net valid
No. of votes in
No of votes
votes cast by invalid votes cast by
favour
against
Postal ballot
votes Postal ballot
%
No of
%
No of
/ e-voting
/ e-voting
votes
votes
1
Special Resolution in accordance with Clause 24 of
SEBI (Listing Obligations and
Disclosure
Requirements)
Regulations, 2015 and Section
180(1)(a) and all other applicable provisions of the Companies Act, 2013 for windingup of Dicetek (Sing) Pte Ltd,
wholly owned subsidary of the
Company
30404023
500
30403523
30402462 99.99%
1061
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ENROLMENT NOTICE
ENROLMENT NOTICE
ENROLMENT NOTICE
After ten days of the publication
of
this
notice
and
within
THREE
Months
thereafter,
I A.
FAROOK
AHAMED
S/o.S. Abdul Munaf aged 23
years Permanently residing at
Plot No.14, Amman Koil Street,
Kundrathol, Chennai-600 069.
intend having my enrolment as an
Advocate moved before the Bar
Council of Tamilnadu, Bar Council
Buildings, High court Campus,
Chennai-104.
Those who have any valid
Objections may Notify the same to
the Bar Council within 10 days.
A. FAROOK AHAMED
After ten days of the publication of
this notice and within THREE Months
thereafter, I C. ELAMURUGAN
S/o.P.
Chinnachamy
aged
43
years
Permanently
residing
at
Plot
No.1/174,
Subrayan
Street,
Avvainagar,
Choolaimedu,
Chennai-94
intend having my enrolment as an
Advocate moved before the Bar
Council of Tamilnadu, Bar Council
Buildings, High court Campus,
Chennai-104.
Those who have any valid
Objections may Notify the same to
the Bar Council within 10 days.
C. ELAMURUGAN
After ten days of the publication
of this notice and within THREE
Months thereafter, I M.SELVAM
S/o. R.Maduraimuthu aged 23
years
Permanently
residing
at No.9B, Kanakkar Street,
Thiruvottiyur, Chennai - 600 019
intend having my enrolment as
an Advocate moved before the
Bar Council of Tamilnadu, Bar
Council Buildings, High court
Campus, Chennai-104.
Those who have any valid Objections may Notify the same to the
Bar Council within 10 days.
M.SELVAM
PõnÂÀø»
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Plot No.2022 ©øÚ°ß
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÷£õß: (91) & 44 & 4218 7785/94, C&ö©°À: arun@aurumsoftsystems.com. Cøn¯uÍ®: www.aurumsoftsystems.com
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