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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