Industrial Development Bank of India Company Information

Posted by Amit Bhawani
February 5, 2008

Industrial Development Bank of India

IDBI Bank

Company History
General effect of transfer and vesting undertaking.–

 

  1. The Central Government, being the shareholder of the Development Bank and every other shareholder of the Development Bank immediately before the appointed day shall be deemed to be registered on and from the appointed day as a shareholder of the Company to the extent of the face value of the shares held by such shareholder.
  2. The undertaking of the Development Bank which is transferred to, and which vest in, the Company under section 3 shall be deemed to include all business, assets, rights, powers, authorities and privileges and all properties, movable and immovable, real and personal, corporeal and incorporeal, in possession or reservation, present or contingent of whatever nature and wheresoever situate including lands, buildings, vehicles, cash balances, deposits, foreign currencies, disclosed and undisclosed reserves, reserve fund, special reserve fund, benevolent reserve fund, any other fund, stocks, investments, shares, bonds, debentures, security, management of any industrial concern, loans, advances and guarantees given to any person or industrial concern, tenancies, leases and book debts and all other rights and interests arising out of such property as were immediately before the appointed day in the ownership, possession or power of the Development Bank in relation to its undertaking, within or without India, all books of account, registers, records and documents relating thereto and shall also be deemed to include all borrowings, liabilities and obligations of whatever kind within or without India then subsisting of the Development Bank in relation to its respective undertaking.
  3. All contracts, deeds, bonds, guarantees, powers of attorney, other instruments and working arrangements subsisting immediately before the appointed day and affecting the Development Bank shall cease to have effect or to be enforceable against the Development Bank and shall be of as full force and effect against or in favour of the Company in which the undertaking of the Development Bank has vested by virtue of this Act and enforceable as fully and effectually as if instead of the Development Bank, the Company had been named therein or had been a party thereto.
  4. Any proceeding or cause of action pending or existing immediately before the appointed day by or against the Development Bank in relation to its undertaking may, as from the appointed day, be continued and enforced by or against the Company in which the undertaking of the Development Bank has vested by virtue of this Act as it might have been enforced by or against the Development Bank if this Act had not been enacted and shall cease to be enforceable by or against the Development Bank.

Company Background
Industry Name : Finance - Banks - Public Sector
House Name : IDBI Group
Year Of Incorporation 1964
Regd. Office
Address : 3rd Floor, IDBI Tower,
District : Mumbai
State : Maharashtra
Pin Code : 400005
Tel. No. : 022-66552244
Fax No. : 022-22182352
Email : pro@idbi.co.in
Internet : http://www.idbi.com
Auditors : Khimji Kunverji & Co.

Registrars
Name : Investor Services Of India Ltd.
Address : Teritex Business Service, Center, Chandivali, Mumbai - 400072, Maharashtra
BSE: 500116
NSE: IDBI

List Of Directors
1 Yogesh Agarwal Chairman and Managing director
2 Vinod Rai Director
3 Lila Firoz Poonawalla Director
4 R V Gupta Director
5 Analjit Singh Director
6 B P Singh Executive Director
7 Jitender Balakrishnan Director
8 Siby Antony Executive Director
9 H L Zutshi Director
10 Pradip Roy Executive Director
11 D Veerendra Heggade Director
12 A Sakthivel Director
13 O V Bundellu Director
14 B Ravindranath Executive Director
15 K Narasimha Murthy Director
16 Ajay Shankar Director
17 Arun Ramanathan Government Director

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