Atul Ltd 2010-11

Atul Ltd | Annual Report 2010-11 3.2.2 Composition The Committee comprises of two Members: Number Name Designation 1 Mr G S Patel Chairman 2 Mr S S Lalbhai Member Mr T R Gopi Kannan, President, Finance & Company Secretary is Compliance Officer. 3.2.3 Meetings and Attendance During the year six meetings were held: Number Name Total Attended 1 Mr G S Patel 6 6 2 Mr S S Lalbhai 6 6 During the year, 25 complaints were received from the Investors. All the grievances were solved to the satisfaction of the Investors: Number Nature of Complaint Received Redressed 1 Non-receipt of dividend warrant 16 16 2 Non-receipt of share certificates 5 5 3 Non-receipt of duplicate share certificates 1 1 4 Others 3 3 Total 25 25 The Board notes the minutes of the Share Transfer and Shareholders’ | Investors’ Grievance Committee meetings. 3.3 Investment Committee 3.3.1 Role The Committee, if thought fit: i) Approves capex proposals exceeding ` 3 crores each, as may be recommended by the Chairman & Managing Director ii) Approves business strategies as may be proposed by the Chairman & Managing Director iii) Approves sale of investments held in Equity Shares iv) Recommends to the Board acquisition and disinvestment or divestment proposals v) Recommends to the Board sale of non-operating assets for reducing debt, improving working capital position and for strengthening the Balance Sheet 3.3.2 Composition The Committee comprises of five Members: Number Name Designation 1 Mr R A Shah Chairman 2 Dr S S Baijal Member 3 Mr S M Datta Member 4 Mr S S Lalbhai Member 5 Mr B S Mehta Member