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3.1.2 Composition
The Committee comprises of four Members. All the Members are Non-executive and Independent Directors. The
Members have relevant experience in financial matters.
Number
Name
Designation
1
Dr S S Baijal
Chairman
2
Mr G S Patel
Member
3
Mr B S Mehta
Member
4
Mr V S Rangan
Member
3.1.3 Meetings and Attendance
During the year eight meetings were held:
Number
Name
Total
Attended
1
Dr S S Baijal
8
6
2
Mr G S Patel
8
7
3
Mr B S Mehta
8
8
4
Mr V S Rangan*
4
4
* Appointed w.e.f. August 12, 2010
The Statutory Auditors, the Cost Auditors, the Chairman & Managing Director, the President Finance & Company
Secretary, Heads of Finance, Accounts, Costing and Internal Audit are permanent invitees to the meetings.
The Board notes the minutes of the Audit Committee meetings.
3.2 Share Transfer and Shareholders’ | Investors’ Grievance Committee
3.2.1 Role
i) Redressing complaints of the Shareholders and the Investors like transfer of shares (physical and demat),
non-receipt of balance sheet, non-receipt of declared dividends, etc
ii) Any other related matter which the Committee may deem fit in the circumstances of the case including the
following:
Transfer shares
Transmission of shares
Delete names from share certificates
Change names of the Members on share certificates
Issue duplicate share certificates
Consolidate share certificates
Transpose names
Dematerialize shares
Inter depository transfer
Rematerialize shares
Split-up shares
Replace shares
Delete guardian
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