in November 2011 following the AP microfinance crisis.
"We believe that Vikram Akula is an ideal candidate. If the Board has any specific reasons not to select him, we would first like to hear that and then we can discuss it.
"But if they do not give any substantive reason for rejecting our nominee, we will pursue legal channels," Gujja said when asked if they will nominate another person in place f Akula.
Last week, SKS Microfinance informed bourses that in light of shifting of the registered office from AP to Maharashtra, the company had sought an extension for holding the 10th Annual General Meeting (AGM) from the Registrar of Companies, AP by three months and the ROC had allowed the same.