HINDRECTIFIERSLIMITED Address : Lake Road, Bhandup(W), Mumbai-400078 Tel. :+91-22-25696789 Fax: +91-22-25964114 Email : [email protected]/[email protected]CIN :L28900MH1958PLC011077 Website : www.hirect.com Ref. No. HIRECT/SEC/2020-21/16 20 th June, 2020 BSE Limited Rotunda Building, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Maharashtra National Stock Exchange of India Limited “Exchange Plaza” 5 th Floor, C-1, Block ‘G’ Bandra Kurla Complex, Bandra (East) Mumbai 400 051 Security Code No. 504036/HIRECT Type of Security: Equity Sub: Submission of Notice for attention of Equity Shareholders of the Company in respect of transfer of Equity Shares to Investor Education and Protection Fund (IEPF) Account Dear Sir/Madam, Pursuant to Regulation 30 of SEBI LODR, 2015 we hereby enclosed copies of the notice for the attention of the equity shareholders of the Company in respect of transfer of equity shares of the Company to IEPF Account, published on Saturday, 20 th June, 2020 in Business Standard and Mumbai Lakshdeep in accordance with the requirement of Companies Act, 2013. We request you to kindly take the above on records. Thanking you, Yours Faithfully, For Hind Rectifiers Limited Meenakshi Anchlia (Company Secretary & Compliance Officer) Encl: As above
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National Stock Exchange of India Limited “Exchange Plaza” 5th Floor, C-1, Block ‘G’ Bandra Kurla Complex, Bandra (East) Mumbai 400 051
Security Code No. 504036/HIRECT Type of Security: Equity Sub: Submission of Notice for attention of Equity Shareholders of the Company in respect of transfer of Equity Shares to Investor Education and Protection Fund (IEPF) Account Dear Sir/Madam, Pursuant to Regulation 30 of SEBI LODR, 2015 we hereby enclosed copies of the notice for the attention of the equity shareholders of the Company in respect of transfer of equity shares of the Company to IEPF Account, published on Saturday, 20th June, 2020 in Business Standard and Mumbai Lakshdeep in accordance with the requirement of Companies Act, 2013.
We request you to kindly take the above on records. Thanking you, Yours Faithfully, For Hind Rectifiers Limited Meenakshi Anchlia (Company Secretary & Compliance Officer) Encl: As above
6 ECONOMY & PUBLIC AFFAIRS MUMBAI | 20 JUNE 2020 1>
Rathin Roy quitsNIPFP as director,Urjit is chairmanPRESS TRUST OF INDIA
New Delhi, 19 June
Former Reserve Bank governorUrjit Patel will take charge aschairman of the NationalInstitute of Public Finance andPolicy (NIPFP) from June 22,the economic think tank saidon Friday.
Patel will replace VijayKelkar, who assumed office onNovember 1, 2014.
According to sources,Rathin Roy, a former memberof the Economic AdvisoryCouncil to the Prime Minister(EAC-PM), quit as NIPFP direc-tor on Thursday. Roy could notbe reached for a comment overthe matter. His tenure as NIPFPdirector began in May 2013.Roy's second term was to end in2023.
"National Institute of PublicFinance and Policy is privilegedto have Dr Urjit Patel, formerRBI Governor, as itsChairperson for a four-yearterm commencing June 22,2020," the economic think tanksaid. "NIPFP records its deepsense of appreciation and grat-itude for the significant contri-butions made by the outgoingChairman, Dr. Vijay Laxman
Kelkar during his tenure whichhas immensely helped theinstitute towards scaling to itspresent level of growth andeffectiveness," it added.
Patel on December 10, 2018,had unexpectedly resignedmonths before the end of histhree-year term in September2019. He, who was the first gov-ernor since 1990 to step downbefore his term ends, had in abrief statement had cited "per-sonal reasons" for the decision.Patel was eligible for a secondterm like most of his successorsbarring a few like his outspokenpredecessor Raghuram Rajan.From being considered a gov-ernment's man on the MintStreet, Patel had in less than twoyears had emerged from theshadows to find his own voiceon issues that mattered themost — autonomy and inde-pendence of the central bank.
Hailing from a businessfamily based in Nairobi, Patel,who studied at London Schoolof Economics, OxfordUniversity and Yale University,was a Kenyan national until2013. He acquired Indian citi-zenship before he was appoint-ed RBI deputy governor inJanuary 2013.
PRESS TRUST OF INDIA
New Delhi, 19 June
Amid growing tensionbetween India and China, thefinance ministry on Friday pro-posed putting restrictions onforeign investment in pensionfunds from any of India's bor-dering countries.
Foreign investment in pen-sion funds regulated by thePension Fund Regulatory andDevelopment Authority (PFR-DA) is capped at 49 per centwith automatic route.
According to a draft notifi-cation circulated for com-ments, “A governmentapproval would be required forthe investing entity or individ-ual from any of the borderingcountries including China. Therelevant provisions of FDI pol-icy issued from time to timewould apply in all such cases.”
Any foreign investmentfrom these countries will be
subject to approval from thegovernment.
The restriction should beapplicable from the date ofnotification by theGovernment of India.
The development comesat a time when Indian andChinese armies are engagedin a standoff in Pangong Tso,Galwan Valley, Demchokand Daulat Beg Oldie in east-ern Ladakh.
The violent clash stirredanti-China sentiments in thecountry, with protestors andtraders' bodies calling to boy-cott Chinese products.
The changes have beenproposed in accordance withDepartment for Promotionof Industry and InternalTrade (DPIIT) guidelinesissued in April.
Currently, government per-mission is mandatory only forinvestments coming fromBangladesh and Pakistan.
Foreign investment in pension funds is capped at 49% withautomatic route
STT mop-uprises 14% inspite of sell-off SHRIMI CHOUDHARY
New Delhi, 19 June
A rebound in the market coupled with higherretail participation has boosted securitiestransaction tax (STT) collection to ~2,568 crore,up 14 per cent in the first quarter of financialyear 2020-21.
According to an official with the income tax(I-T) department, despite a slowdown in theeconomy because of the Covid-19 pandemic,which impacted both personal income taxand advance tax collections of the first quarter,the mop up from STT showed double-digitgrowth.
The department collected ~2,568 croreagainst ~2,262 crore in the corresponding peri-od a year ago. The government expects to col-lect ~13,000 crore in the current fiscal yearfrom the STT kitty.
With this growth, the tax departmentbelieves that the target is achievable if marketconditions stay stable.
Experts attributed the higher collection tothe volatility in the futures and options seg-ment due to the global pandemic.
“While trading volumes have been shrink-ing and F&O trading has seen a massive fall,STT is payable on both the legs of buy and sellin case of cash segment and on the sell leg ofF&O. So, when there is a massive exit by anyclass of investors like foreign portfolioinvestors, STT is still payable,” said SunilGidwani, partner (markets) of NangiaAndersen LLP.
Market performance across the globe hasbeen gloomy. This has been reflected in the fre-quent crashes faced by the stock market. TheIndian market saw sharp selloff in April andMay. This had pushed Nifty and Sensex intobear territory several times. Even the stimuluspackage announced by the government, infive tranches, did not help.
“Market is now rebounding from the cur-rent Covid-19 effect. But the slowdown per-sists despite all the efforts and measures by theReserve Bank of India (RBI) and concernedministries, said a market expert.
Meanwhile, the tax payouts from dividenddistribution tax (DDT) has plummeted 75 percent from ~3,220 crore to ~809 crore followingremoval in the equity segment. “This is onexpected lines because of change in the taxstructure from April 1 where dividend will nowbe taxed at the hands of investors. The collec-tion of ~800 crore was on account of spilloverfrom last fiscal year due to extension of date todeposit tax,” said a tax official.
CRAVATEX LIMITED
Notice to MembersTRANSFER OF UNCLAIMED DIVIDEND AND SHARES FOR THE FINANCIAL YEAR ENDED
2012-13 TO THE INVESTOR EDUCATION & PROTECTION FUND (IEPF)
For Cravatex LimitedSd/-
Sudhanshu NamdeoCompany Secretary
Place : MumbaiDate : June 20, 2020
CIN: L93010MH1951PLC008546, Registered Office : U 201, 2nd Floor, Matulya Centre, Senapati Bapat Marg, Lower
Notice is hereby given, to the Members of Cravatex Limited ('the Company') that :
In case no valid claim is made on or before September 29, 2020, Company shall take necessary steps to issue duplicate share certificate (for the shares held in physical mode) and issue delivery instruction slip (for the shares held in demat mode) in order to transfer the shares to IEPF account. No claim shall lie against the Company once the dividend/ shares are transferred to IEPF and the Members are requested to claim the said dividend/shares from IEPF as prescribed under IEPF rules.
The Company has uploaded the details of such Members due for transfer to IEPF on its website www.cravatex.com/investors. Members are requested to refer to the web-link www. cravatex.com/investors and claim the unpaid dividends in order to avoid the transfer of their dividend/shares to IEPF on or before September 29, 2020.
Section 124(5) of the Companies Act, 2013, read with the rules made thereunder, mandates the Company to transfer any amount in the unpaid dividend account of a company which remains unpaid or unclaimed for a period of seven years from the date of such transfer to the Investor Education and Protection Fund Account (IEPF).Further, Section 124(6) of the Companies Act, 2013, read with the rules made thereunder, mandates the Company to transfer all the shares in respect of which dividend has not been paid or claimed for the seven consecutive years or more to the Investor Education and Protection Fund Account.
The Company is unable to send individual notice to the Members in view of the Covid-19 pandemic. Individual notices providing the details in respect of which dividend has been unpaid/unclaimed for (a) last seven consecutive years i.e. from financial year 2012-13 onwards (the Company has not declared any dividend for the financial years 2015-16 and 2016-17) and (b) financial year 2012-13 will be sent to the Members at their latest available address in the records of Company / Depositories once normalcy resumes.
For assistance, Members are requested to contact the Registrar and Share Transfer Agent (RTA) of the Company at :
Whereas,The undersigned being the authorized officer of the Bank of India under the
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and in exercise of powers conferred under Section 13(12) read with rule 3 of the Security Interest (Enforcement) Rules, 2002 issued a demand notice dated 30/01/2020 calling upon the borrower Mr. Gajanan Parshuram Lad to repay the amount mentioned in the notice being Rs. 24,26,698.64 (Rupees Twenty Four Lakh Twenty Six Thousand Six Hundred Ninety Eight and Sixty Four paise)excluding interest from 30/01/2020within 60 days from the date of receipt of the said notice.
The borrower having failed to repay the amount, notice is hereby given to the borrower and the public in general that the undersigned has taken symbolic possession of the property described herein below in exercise of powers conferred on him under sub-section (4) of section 13 of Act read with rule 8 of the Security Interest Enforcement) Rules, 2002 on this the 15th day of June of 2020.
The borrower in particular and the public in general is hereby cautioned not to deal with the property and any dealings with the property will be subject to the charge of the Bank of India for an amount Rs. 24,26,698.64 and interest thereon.
The borrower's attention is invited to provisions of sub-section (8) of section 13 of the Act, in respect of time available, to redeem the secured assets.
POSSESSION NOTICE
Sd/- Authorised Officer
Bank of India
DESCRIPTION OF THE IMMOVABLE PROPERTY1. Hypothecation of Standing Crops and Mango.2. EQM of property at Row House No. 1, Kapadi Enclave Co-operative Housing
Society Ltd., Near Gayalwadi Bus Stop, Khedshi, Ratnagiri - 415639. Survey No. 104, Hissa No. 2C.
BANK OF INDIA, MARUTI MANDIR BRANCHDesai Building, Ratnagiri - 415612.
Notice is hereby given pursuant to Regulation 29(1) (a) read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the meeting of Board of Directors of the company is
thscheduled to held on Thursday 25 June, 2020 at 3:00 p.m., inter-alia, to approve the Audited Financial Results of the Company for the Quarter and
st Financial Year ended on 31 March, 2020The information contained in this notice is also available on the company's website www.surya.co.in and on the website of BSE www.bseindia.comand NSE at www.nseindia.com
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