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R
Systems Announce its Board & Remuneration Committee
Meeting to inter alia consider the following
New
Delhi, September 21, 2006: The Meeting of the Board
of Directors & Remuneration Committee of R Systems
International Limited is scheduled to be held on Friday,
September 29, 2006 at the Corporate Office of the Company
at C – 40, Sector – 59, Noida to inter alia
consider and adopt the following
- To consider, discuss and approve the appointment
of Mr. Suresh Paruthi as an additional director
(independent director) of the Company.
- Changes in the constitution of the Remuneration
Committee.
- Changes in the constitution of the Audit Committee.
- To consider, discuss and approve the appointment
of Mr. Raj Swaminathan, Chief Operating Officer
of the Company as additional director (whole time
director) of the Company.
- To consider, discuss and approve additional investment
up to US$ 1 million in equity / loan of WebConverse,
Inc., USA (wholly owned subsidiary company of R
Systems International Limited).
- To consider, discuss and approve additional investment
up to US$ 2 million in equity / loan of R Systems,
Inc., USA (wholly owned subsidiary company of R
Systems International Limited).
- To consider, discuss and approve the reconstitution
of the Share Transfer Committee & Shareholders
/ Investors Grievance Committee.
- To adopt the change in & appointment of M/s
Perry Smith LLP as the auditor of our wholly owned
subsidiary companies viz. Indus Software, Inc.,
USA & WebConverse, Inc., USA.
- To adopt the change in the Articles of Incorporation
of R Systems, Inc., USA (wholly owned subsidiary
company of R Systems International Limited) with
respect to the denomination of its common stock
etc.
- To adopt the change of name of WebConverse, Inc.,
USA from WebConverse, Inc. to R Systems Solutions,
Inc. (wholly owned subsidiary company of R Systems
International Limited in USA).
- To consider, discuss and approve the investment
in the industrial plot of approximately 5 acres
in Phase – III, Noida, if R Systems International
Limited becomes the successful allottee under the
Noida Authority Scheme code: NOIDA/IP/2006-07/OES
(01).
For
further information please contact:
Nand Sardana (Tel No. 0120 - 430
3506)
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