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Atul Ltd | Annual Report 2011-12
3.2.2 Composition
The Committee comprises 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 the Compliance Officer.
3.2.3 Meetings and Attendance
During the year five meetings were held:
Number Name
Total
Attended
1
Mr G S Patel
5
5
2
Mr S S Lalbhai
5
5
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
18
18
2
Non-receipt of share certificates
1
1
3
Non-receipt of duplicate share certificates
2
2
4
Others
4
4
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
i)
Approving capex proposals exceeding
`
3 cr each, as may be recommended by the Chairman & Managing Director
ii) Approving business strategies as may be proposed by the Chairman & Managing Director
iii) Approving sale of investments held in Equity Shares
iv) Recommending to the Board acquisition and disinvestment or divestment proposals
v) Recommending 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 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