An Extra-ordinary General Meeting (EGM) and 32nd Annual General Meeting of the Shareholders of IFIC Bank Ltd. was held on 28.10.2009 at Bashundhara Convention Centre, Baridhara, Dhaka. The Meetings were presided over by Mr. Mohammad Lutfar Rahman, Chairman of the Bank. Other members of the Board of Directors of the Bank namely, Mr. Abu Tahir Mohammad Golam Maruf, Mr. Aminur Rahman, Mr. Syed Anisul Huq, Mr. Mohammed Nayem Syed, Mr. S.M. Faruqi Hasan, Mr. Tanim Noman Sattar, Mr. Mahmudul Huq Bhuiyan and Mr. Arastoo Khan were also present on the occasion. Managing Director of the Bank Mr. Mosharraf Hossain was also present in the Meetings.
A large number of Shareholders of the Bank spontaneously attended the Meetings and made the event a successful one.
In the Extra-ordinary General Meeting (EGM), the Shareholders unanimously approved the proposal for amending the Memorandum and Articles of Association of the Bank to increase the Authorized Capital from Tk.160.00 crore to Tk.535.00 crore.
At the beginning of the 32nd Annual General Meeting, Mr. Mohammad Lutfar Rahman, Chairman welcomed the Shareholders and reviewed the performance of the Bank for the year 2008 and discussed various issues regarding future plans/ strategies of the Bank with the Shareholders.
In the AGM, the Shareholders, after discussion, approved the Balance Sheet & Profit and Loss Account of the Bank for the year 2008 an unanimously approved 30% bonus share as dividend.
6(six) Directors namely – Mr. Mohammad Lutfar Rahman, Mr. Abu Tahir Mohammad Golam Maruf, Mr. Aminur Rahman, Mr. Syed Anisul Huq, Mr. Mohammed Nayem Syed and Mr. S.M. Faruqi Hasan were re-elected as Director of the Bank without contest. Besides, M/s. M.J. Abedin & Co., Chartered Accountants were also appointed as External Auditor of the Bank for the year 2009.
Finally, the Chairman gave replies to various queries made by the Shareholders of the Bank and concluded the Meetings with thanks to the Shareholders and guests present in the venue.
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