Atul Ltd 2016-17

61 3.4.3 Meetings and attendance During 2016-17, 1 meeting was held. No. Name Total Attended 01. H S Shah 1 1 02. S S Lalbhai 1 1 03. B N Mohanan 1 1 The Board notes the Minutes of the CSR Committee meetings. 3.5 Investment Committee 3.5.1 Role i) reviewing business strategies ii) approving capital expenditure proposals exceeding ` 5 cr but not exceeding ` 25 cr each iii) recommending to the Board for approval capital expenditure proposals exceeding ` 25 cr each iv) recommending to the Board acquisition, disinvestment and divestment proposals v) reviewing progress of the approved projects 3.5.2 Composition The Committee comprises following Members: No. Name Designation 01. R A Shah Chairman 02. S S Baijal Member 03. B S Mehta Member 04. S M Datta Member 05. S S Lalbhai Member 3.5.3 Meetings and attendance During 2016-17, 2 meetings were held. No. Name Total Attended 01. R A Shah 2 2 02. S S Baijal 2 2 03. B S Mehta 2 2 04. S M Datta 2 1 05. S S Lalbhai 2 2 The Board notes the Minutes of the Investment Committee meetings. 4. Subsidiary companies registered in India As on March 31, 2017, the Company had 11 non-material Indian unlisted subsidiary companies: a) 5 wholly-owned – Anchor Adhesives Pvt Ltd, Atul Bioscience Ltd, Atul Finserv Ltd, Atul Nivesh Ltd and Atul Fin Resources Ltd b) 1 joint venture – Atul Rajasthan Date Palms Ltd c) 5 others – Aasthan Dates Ltd, Atul Biospace Ltd, Atul Infotech Pvt Ltd, Biyaban Agri Ltd and Raja Dates Ltd The Financial Statements of the above companies were reviewed by the Audit Committee. The Minutes of the meetings of all the subsidiary companies were placed before the Board. 5. Company policies 5.1 Compliance Compliance certificates confirming due compliance with statutory requirements are placed at the Board meeting for review by the Directors. A system of ensuring material compliance with the laws, orders, regulations and other legal requirements concerning the business and affairs of the Company is in place. Instances of non-compliance, if any, are also separately reported to the Board and subsequently rectified.