IDBI Bank changes MoA & AoA via passing special resolution through postal ballot

New Delhi: State-owned IDBI Bank stated in a regulatory filing on Wednesday that it has amended Memorandum and Articles of Association of IDBI Bank Ltd passed by way of Special Resolution on January 31 through Postal Ballot.

The bank also stated that it had amended the Clause V of Memorandum of Association. Its extract in MoA stated, "The Authorised Share Capital of the Company shall be Rs 21000,00,00,000 (Rupees Twenty-One Thousand Crore Only) divided into 2100,00,00,000 equity shares of Rs 10 each."

The bank also said that it had amended Article 3 of the Articles of Association. The extract in AoA stated, "The Authorised Share Capital of the Company shall be Rs 21000,00,00,000 (Rupees Twenty-One Thousand Crore Only) divided into 2100,00,00,000 equity shares of Rs 10 each."

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