IFCI Limited has named Priyanka Sharma, Deputy General Manager, as the new Compliance Officer. She succeeds Rupa Deb, who resigned as Company Secretary.
According to exchange filing, “W.r.t. the Letter No. IFCl/CS/2021-444 dated August 27, 2021, it is clarified that Ms. Priyanka Sharma, Deputy General Manager has been appointed as Compliance Officer of the Company w.e.f. the date of relieving of Ms. Rupa Deb, as Company Secretary. The date shall be intimated in due course of time.”
IFCI Ltd. was set up in 1948 as Industrial Finance Corporation of India, a Statutory Corporation, through `The Industrial Finance Corporation of India Act, 1948’ of Parliament to provide medium and long term finance to industry. After repeal of this Act in 1993, IFCI became a Public Limited Company registered under the Companies Act, 1956.
IFCI became a Government controlled company subsequent to enhancement of equity shareholding to 55.53% by Government of India on December 21, 2012. In April, 2015, Government of India has acquired six crore Preference Shares of IFCI Ltd. of Rs.10/- each from six public sector banks. With this, the shareholding of the Government of India in paid-up share capital of IFCI has been increased to 51.04% and IFCI has become a Government Company under Section 2(45) of the Companies Act, 2013.
IFCI is also a Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-SI), registered with the Reserve Bank of India.
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