5th June 2012




Re: Change in directorship/shareholding pattern without change in control



Members are hereby informed that the Membership Selection Committee at its meeting held on 1st June,2012 has decided to give three months time to all existing members (corporate/partnership) to regularize the change in directorship/shareholding  pattern, change in partners/sharing pattern without change in control without any fee/penalty. 


However, kindly take note that after expiry of the said period i.e. three months from the date of issue of this notice, a processing fee of Rs.5,000/-  plus Service Tax as applicable along with a penalty of Rs.500/- p.a. or part thereof from the date of default will be charged for such non-compliance.  After expiry of said period, no request for waiver of processing fee/penalty will be entertained.






Sripriya Senthilkumar 

    (Dy.General Manager (SEO)