Brief: 20 Microns approves resignation of Bharat Kanani as CFO

20 Microns

10/02/2016 09:54

Feb 10 (Reuters) - 20 Microns Ltd  MICR.NS : 
 * Approved resignation of bharat kanani as the chief financial officer 
 * Source text: 
20 Microns Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 10, 2016, has: 
 
1. Approved resignation of Mr. Bharat Kanani as the Chief Financial Officer of the Company & decided to be relieved w.e.f. February 29, 2016 & 
 
2. Took note of the following: 
 
The Hon'ble Bench of Company Law Board, Mumbai, has passed Order on January 20, 2016 granting an extension for  
re-payment of Fixed Deposits of the Company accepted before April 01, 2014 as per the provisions of the Companies Act, 1956 amounting to Rs. 398.27 lacs and interest thereon as and when the same gets matured until March 31, 2017 as per the contractual terms with the respective Depositors. 
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