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Atul Ltd | Annual Report 2015-16
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 3 years
3.4.02 Composition
The Committee comprises following Members:
No.
Name
Designation
01
H S Shah
Chairman
02
S S Lalbhai
Member
03
B N Mohanan
Member
3.4.03 Meetings and attendance
During 2015-16, 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
3.5.01 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
3.5.02 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
3.5.03 Meetings and attendance
During 2015-16, 1 meeting was held:
No.
Name
Total
Attended
01
R A Shah
1
1
02
S S Baijal
1
1
03
B S Mehta
1
1
04
S M Datta
1
1
05
S S Lalbhai
1
1
The Board notes the Minutes of the Investment Committee meetings.