Amendment status not verified — confirm the current text below against the official source.

(1) The shareholders present at an annual general meeting shall be entitled to discuss and adopt-- (a) the balance sheet and profit and loss account of the Development Bank made up to the date on which its accounts are closed and balanced; (b) the report of working of the Development Bank for the period covered by the accounts; (c) the auditor's report on the balance sheet and accounts; (d) proposals for declaration of dividend and capitalisation of reserves. (2) The shareholders present at an annual general meeting may also discuss any other matter to be transacted at such meetings in accordance with the provisions of this Act. (3) The matters relating to-- (a) the manner in which annual general meeting or other meetings are held under this Act and the procedure to be followed thereat; (b) the manner in which voting rights may be exercised and resolutions may be passed; and (c) the procedure for transaction of business at such meetings and related matters, shall be such as may be prescribed.] Section 13H ins. by Act 5 of 1995, sec. 15 (w.r.e.f. 12/10/1994).