Govt sacks all five independent directors of MRPL appointed by UPA

September 16, 2014

Mangalore, Sep 16: The government has sacked all the five independent directors of Mangalore Refinery and Petrochemicals Ltd (MRPL), leaving the company board with no powers to take any large investment decision.

MRPL
MRPL in a filing to the stock exchanges today said: "Five non official part time directors namely, C L Shah, Neela Gangadharan, Prof Usha Kiran Rai, Prof Jayant M Modak and Capt John Prasad Menezes have ceased to be Directors on the Board of the Company."

With this, the board has lost its power to pass accounts, or take any large investment decisions. All the five independent directors were appointed by the previous UPA regime on October 22 last year for a three-year term.

This follows removal of all the UPA-appointee independent directors on board of Coal India Ltd (CIL) and sacking of four such appointees from IOC board. Besides, two UPA appointees on board of Engineers India Ltd too have been booted out.

Unlike Coal India, where the directors were told to quit and those who did not were voted out at company's shareholders meeting, in case of MRPL and IOC no resolution confirming appointments was moved.

Sources said the MRPL directors were appointed after the last shareholders meeting and their appointment was to be ratified at the company's annual general meeting (AGM) on September 13.

In absence of the company moving a resolution seeking confirmation of their appointments, the five ceased to be directors on the company board.

After their exit, MRPL board now has six functional and promoter directors. These are Chairman D K Sarraf, Managing Director H Kumar, Director (Finance) Vishnu Agrawal, Director (Refinery) V G Joshi, Oil Ministry nominee director P Kalyanasundaram and HPCL nominee director B K Namdeo.

MRPL is a subsidiary of state explorer Oil and Natural Gas Corp (ONGC). Though the government has no shareholding in MRPL, it holds 68.94 per cent of ONGC.

Sources said IOC too had not moved a resolution for confirmation of appointment of K Jairaj, Nesar Ahmad, Sunil Krishna and Sayan Chatterjee at its AGM on August 27.

In absence of shareholder approval, the four, who were appointed by the previous UPA government in March this year for a three-year term, ceased to be directors on IOC board.

Shah is a chartered accountant C L Shah while Gangadharan is a former bureaucrat. Modak is a professor at the Indian Institute of Science Professor while Rai is a Professor of Marketing at Banaras Hindu University Usha Kiran Rai.

There is also a move to seek removal of former Power Secretary P Uma Shankar, chartered accountant S Ravi and former BPCL Chairman R K Singh from the board of ONGC.

Similarly, chartered accountant Rohit Khanna is being sought to be removed from the board of Hindustan Petroleum Corp Ltd (HPCL) in a similar manner.

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April 30,2024

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Guwahati: Union Home Minister Amit Shah on Tuesday condemned the alleged sexual abuse of women involving Lok Sabha MP Prajwal Revanna, asserting that the BJP will not tolerate any insult to women.

Revanna (33) is the BJP-JD(S) alliance candidate for Hassan Lok Sabha constituency, which went to polls on April 26.

Earlier in the day, the JD(S) suspended Revanna from the party with immediate effect.

“The issue regarding Revanna that has been reported in the media is very hurtful and cannot be tolerated in any way,” Shah told a press conference here.

“The BJP’s stand is very clear; we will not tolerate any insult to ‘matri aur nari shakti’ (women empowerment),” he asserted.

Some explicit video clips allegedly involving Prajwal Revanna, the grandson of former prime minister H D Deve Gowda, were circulated in Hassan over the last few days.

The home minister said Congress has been alleging that an NDA partner’s candidate is involved in the incident, “but I just want to ask a small question - whose government is there in that state (Karnataka)?”

“The Congress is in power in Karnataka, and this matter must have come to their attention. Why has it not taken any action on it so far? We cannot take any action as law and order is a state issue,” Shah said.

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News Network
May 5,2024

Karwar, May 5: What commenced as a mere exchange of words between spouses swiftly transmuted into a calamitous ordeal, resulting in the heartbreaking loss of their innocent offspring. The heart-wrenching incident unfolded in the serene confines of Halamaddy village in the picturesque expanse of Dandeli, nestled within the idyllic expanse of Uttara Kannada district.

In the throes of a fervent dispute with her spouse, the aggrieved wife, succumbing to an overwhelming surge of emotions, callously propelled their tender six-year-old progeny into the somber depths of a nearby canal, thereafter alerting the local populace to her grievous act.

Promptly apprised of the distressing occurrence by concerned bystanders, the authorities were swiftly summoned to the scene to confront the harrowing aftermath.

Responding to the distress call, the diligent officers of Dandeli rural police swiftly converged upon the site where the innocent child had been cast into the unforgiving waters of the canal, subsequently effecting the retrieval of the child's lifeless form. 

Regrettably, it was discerned that a portion of the child's remains had been tragically claimed by the lurking jaws of a predatory crocodile.

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May 4,2024

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Bengaluru: BJP leader Anantkumar Hegde represented Uttara Kannada Lok Sabha segment in Karnataka for six terms and now gynecologist Anjali Nimbalkar is putting up a spirited fight seeking to turn the tide and "deliver" it for the Congress.

Dr Nimbalkar is taking on former Karnataka Assembly Speaker Vishweshwar Hegde Kageri, who replaced Hegde, in this BJP stronghold.

A former Congress MLA, she lost the Assembly elections from Khanapur in Belagavi district last year.

The 62-year-old Kageri, a six-term MLA and a former minister, was also defeated in the Assembly polls from Sirsi.

"In the past 30 years, the voice of Uttara Kannada was not spoken and not even a single question was asked in the Parliament," Nimbalkar said in an apparent dig at Hegde.

If elected, she said her focus is to address the local issues related to forest dwellers, getting them 'patra' for their own land -- a battle they have been fighting for long.

Also on her priority list is getting a multispecialty hospital in Kumta as per people's demand, generating employment and focusing on tourism for the overall development of Uttara Kannada.

"Issues related to forest dwellers -- they want a 'patra' for their own land -- we will try and put forth these issues in the first session itself and we will see to it that maximum applications which are pending with the Central government get cleared during the first session itself," she said in an interview.

"So, our thing is that at least 50 per cent of the jobs should be given to the local Kannadigas in the Central schemes which are implemented in the district," she said.

Noting that Uttara Kannada has a combination of both beaches and temples, Nimbalkar said the district can be developed internationally in a much higher scale than "what actually Goa or Kerala is".

The Congress candidate is also banking on the five guarantee schemes launched by the Siddaramaiah-led government in Karnataka and the promises made by party in its manifesto at the national level.

Responding to a question, she expressed happiness that the Congress has fielded a total of six women candidates out of 28 Lok Sabha constituencies in Karnataka.

While campaigning, Nimbalkar said she was overwhelmed to see a large number of people, especially women, turning up for her rallies despite the intense heat in Uttara Kannada.

"They are very happy that the Congress has given a woman candidate and an educated candidate who herself is a doctor and a gynecologist. So they are excited that, yes, she can be our voice in the Parliament who can fight for our rights," the 47-year-old said.

"I have worked as an MLA (Khanapur), so they have seen my work in the Assembly and the expectations are like, yes, she will be the one who will be speaking for us and that faith is seen in their eyes," she said.

Nimbalkar strongly believes that when women enter any field, it brings a different perspective - be it in terms of management, policy formulation or even as homemakers.

Uttara Kannada is among the 14 constituencies going for polls in Karnataka under second phase on May 7.

Karnataka has 28 Lok Sabha seats and the first phase of polling was held on April 26.

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