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3.1.2 Composition
The Committee comprises the following Members, all having relevant experience in financial matters:
No.
Name
Designation
01.
S S Baijal
Chairman
02.
B S Mehta
Member
03.
V S Rangan
Member
3.1.3 Meetings and attendance
During 2016-17, 4 meetings were held.
No.
Name
Total
Attended
01.
S S Baijal
4
4
02.
B S Mehta
4
4
03.
V S Rangan
4
4
The Statutory Auditors, the Cost Auditors, the Chairman and Managing Director, the Whole-time Director and CFO, the
Company Secretary, the heads of Finance, Accounts, Costing and Internal Audit are permanent invitees to the meetings.
The Board notes the Minutes of the Audit Committee meetings.
3.2 Nomination and Remuneration Committee
3.2.1 Role
i)
Devising a policy on the Board diversity
ii) Formulating criteria for evaluation of the Independent Directors and the Board
iii) Formulating criteria for determining qualifications, traits and independence of a Director and recommending to the
Board a policy relating to the remuneration for the Directors, Key Managerial Personnel and other employees
iv) Identifying persons who are qualified to become Directors and who may be appointed in senior Management in
accordance with the criteria laid down, recommending to the Board their appointment and removal and carrying
out evaluation of performance of every Director
v) Recommending | Determining remuneration of the Executive Directors as per the Policy
3.2.2 Composition
The Committee comprises following Members:
No.
Name
Designation
01.
H S Shah
Chairman
02.
S S Baijal
Member
03.
R A Shah
Member
3.2.3 Meetings and attendance
During 2016-17, 1 meeting was held.
No.
Name
Total
Attended
01.
H S Shah
1
–
02.
S S Baijal
1
1
03.
R A Shah
1
1
The Board notes the Minutes of the Nomination and Remuneration Committee meetings.
3.3 Stakeholders Relationship Committee
3.3.1 Role
i)
Considering and resolving grievances (including complaints related to non-receipt of the Annual Report,
non-receipt of declared dividends and transfer of shares) of security holders (including the Shareholders, debenture
holders and other security holders)
ii) Reviewing any other related matter which the Committee may deem fit in the circumstances of the case including
the following:
» Change of name(s) of the Members on share certificates
» Consolidation of share certificates