63 / 236
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.