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Atul Ltd | Annual Report 2014-15
3.3.03 Meetings and attendance
During 2014-15, five meetings were held:
No.
Name
Total
Attended
1
H S Shah
1
2
2
2
S S Lalbhai
5
5
3
G S Patel
2
3
2
1
Effective December 05, 2014 and Chairman effective March 27, 2015 |
2
Upto December 31, 2014
During 2014-15, 18 complaints were received from the Investors. All the grievances were solved to the satisfaction of
the Investors:
No.
Nature of complaint
Received
Redressed
1
Non-receipt of dividend warrant
17
17
2
Non-receipt of share certificates
1
1
3
Non-receipt of duplicate share certificates
–
–
4
Others
–
–
Total
18
18
The Board notes the minutes of the Stakeholders Relationship Committee meetings.
3.4 Corporate Social Responsibility Committee
3.4.01 Role
i)
Formulating and recommending the Corporate Social Responsibility (CSR) Policy to the Board
ii)
Indicating reasons to the Board in case the amount of expenditure is less than 2% of the average net profits in
a given year
iii)
Monitoring the CSR Policy from time to time
iv)
Recommending the amount of expenditure to be incurred on the CSR activities which may not be less than 2%
of the average net profits of the last three years
3.4.02 Composition
The Committee comprises following Members:
No.
Name
Designation
1
H S Shah
Chairman
2
S S Lalbhai
Member
3
B N Mohanan
Member
3.4.03 Meetings and attendance
During 2014-15, one meeting was held:
No.
Name
Total
Attended
1
H S Shah
1
1
2
S S Lalbhai
1
1
3
B N Mohanan
1
–
The Board notes the minutes of the CSR Committee meetings.
3.5 Investment Committee
3.5.01 Role
i)
Approving business strategies
ii)
Approving capital expenditure proposals exceeding
`
5 cr each
iii)
Recommending to the Board acquisition and disinvestment or divestment proposals
iv)
Recommending to the Board purchase | sale of investments in Equity shares