|Rediff India Abroad Home | All the sections|
Nominee directors have quit Subhiksha, insists ICICI Venture
BS Reporter in Mumbai | February 26, 2009 10:50 IST
ICICI [Get Quote] Venture, which owns 23 per cent of troubled Subhiksha Trading Services, has reiterated that it has exercised the right to withdraw its nominee from the board of the retailer and also informed the Registrar of Companies about it.
ICICI Venture informed Subhiksha on January 8, 2009, about the withdrawal of its nominee directors and asked the company to make the requisite filing with the RoC, Chennai. However, when ICICI Venture did not receive any copies of the filing till January 19, it informed the RoC of the resignations.