Advertisement
Sunday, Nov 28, 2021
Outlook.com
Outlook.com

Dish TV Gets 2-Month Extension From RoC To Conduct AGM

Dish TV had sought an extension to hold the shareholders' meeting on September 19. The company said it would require time for potentially changing the CEO or the board of directors of the company owing to a mandatory requirement from the Ministry of Information and Broadcasting

Dish TV Gets 2-Month Extension From RoC To Conduct AGM
Dish TV Gets 2-Month Extension From RoC To Conduct AGM
outlookindia.com
2021-09-28T15:55:20+05:30

D2H services provider Dish TV has been granted a two-month extension for conducting its annual general meeting from the purported due date on which it was to be held. This comes in the wake of shareholder Yes Bank seeking to remove Dish TV's Managing Director Jawahar Goel along with four other directors from the company's board. 

Dish TV had sought an extension to hold the shareholders' meeting on September 19. It said the company would require time for potentially changing the CEO or the board of directors of the company owing to a mandatory requirement from the Ministry of Information and Broadcasting. 

The company had stated in a September 25 filing with the Bombay Stock Exchange that the board had sought an extension of time for conducting the shareholders' meeting. To which, the Registrar of Companies in an order dated September 23 had granted a general extension to conduct the meeting within a period of two months from the date when it was ought to be held. Dish TV's board accorded their consent to postpone the AGM on the same day as the filing, further stating that a revised date would be announced soon. 

Owing to the COVID-19 outbreak, the Ministry of Corporate Affairs had extended the statutory deadline for conducting annual general meeting of shareholders for the financial year 2020-21 by two months. The move was aimed at providing relief to corporates hit by lockdowns meant to curb the spread of COVID-19 in the country. 

Yes Bank said the extension is based on "unfounded reasons" and that the D2H services provider was engaging in "dilatory tactics". The banker holds 25.63% stake in the company. 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Omicron: New Strain Of Coronavirus Escalates Need For Global Vaccine Sharing

Omicron: New Strain Of Coronavirus Escalates Need For Global Vaccine Sharing

'Despite the repeated warnings of health leaders, our failure to put vaccines into the arms of people in the developing world is now coming back to haunt us', wrote former British PM Gordon Brown.

Covid-19: Experts' Take On Omicron And Possibility Of Third Wave In India

Covid-19: Experts' Take On Omicron And Possibility Of Third Wave In India

Though the health experts and scientists in India have advised caution yet they feel that the current immune profile of the majority of the population in India makes them less vulnerable to Omicron as compared to any other country in the world.

1st Test, Day 4 Live: Kiwis Lose Young, Need 280 More

1st Test, Day 4 Live: Kiwis Lose Young, Need 280 More

The first India vs New Zealand Test is delicately poised with both teams having an opportunity to force a decision. Follow here live cricket scores and updates of IND vs NZ on Day 4.

What Is Omicron: All You Need To Know About The New Coronavirus Strain

What Is Omicron: All You Need To Know About The New Coronavirus Strain

After the detrimental Delta variant which took the world by storm in the second wave of Covid-19, WHO recently declared ‘Omicron’ as the latest ‘variant of concern’ (VOC).

Advertisement