Investor Presentaiton
ANNUAL
REPORT
2018-2019
66
Condition
No.
Title
Compliance Status
V
(Put √ in the
appropriate column)
Remarks
Complied
Not
Complied
(if any)
Condition
No.
Complied
Not
Complied
6(5)
Role of the NRC
6(5)(a)
NRC shall be independent and responsible or accountable to
the Board and to the shareholders;
6(5)(b)
6(5)(b)(i)
NRC shall oversee, among others, the following matters and make report with recommendation to the Board:
Formulating the criteria for determining qualifications, positive attributes and independence of a director and recommend
a policy to the Board, relating to the remuneration of the directors, top level executive, considering the following:
The level and composition of remuneration is reasonable and
6(5)(b)(i)(a) sufficient to attract, retain and motivate suitable directors to run
the company successfully;
6(5)(b)(i)(b)
6(5)(b)(i)(c)
6(5)(b)(ii)
6(5)(b)(iii)
The relationship of remuneration to performance is clear and
meets appropriate performance benchmarks; and
Remuneration to directors, top level executive involves a
balance between fixed and incentive pay reflecting short and
long-term performance objectives appropriate to the working of
the company and its goals;
Devising a policy on Board's diversity taking into consideration age,
gender, experience, ethnicity, educational background and nationality;
Identifying persons who are qualified to become directors
and who may be appointed in top level executive position in
accordance with the criteria laid down, and recommend their
appointment and removal to the Board;
Formulating the criteria for evaluation of performance of
independent directors and the Board;
Indentifying the company's needs for employees at different
levels and determine their selection, transfer or replacement
and promotion criteria;
Developing, recommending and reviewing annually the
company's human resources and training policies;
Title
7 (1) (vii) Any services that the Audit Committee determines.
Audit or certification services on compliance of corporate
governance as required under condition No.9(1);
Any other service that creates conflict of interest
7 (1) (viii)
7 (1) (ix)
7(2)
7(3)
No Partner or employees of the external audit firms shall possess
any share of the company they audit at least during the tenure
of their audit assignment of that company; his or her family
members also shall not hold any shares in the said company
Representative of external or statutory auditors shall remain
present in the Shareholders' Meeting (Annual General meeting
or Extraordinary General Meeting) to answer the queries of the
shareholders.
Maintaining a website by the Company
Compliance Status
(Put √ in the
appropriate column)
Complied
Not
Complied
Complied
Not
Complied
ANNUAL
REPORT
2018-2019
Remarks
(if any)
8.
8(1)
The Company shall have an official website linked with the
website of the stock exchange.
8(2)
8(3)
9.
The company shall keep the website functional from the date of listing.
The company shall make available the detailed disclosures on
its website as required under the regulations of the concerned
stock exchange(s)
Reporting and Compliance of Corporate Governance
The company shall obtain a certificate from a practicing
Professional Accountant or Secretary (Chartered Accountant or
Cost and Management Accountant or Chartered Secretary) other
than its statutory auditors or audit firm on yearly basis regarding
compliance of Corporate Governance Code of the Commission
and shall such certificate shall be disclosed in the Annual Report.
The professional who will provide the certificate on compliance
of this Corporate Governance Code shall be appointed by the
Shareholders in the annual general meeting.
The directors of the company shall state, in accordance with
the Annexure-C attached, in the directors' report whether the
company has complied with these conditions or not.
Required
certification
has been obtained
from
"PODDER&
ASSOCIATES" Cost &
Managements for the year
ended 30th June 2019.
Board
recommended
the Professional for
due appointment by the
Shareholders in 21st
AGM on 1st Dec, 2019
6(5)(b)(iv)
6(5)(b)(v)
9(1)
6(5)(b)(vi)
6(5)(c)
The company shall disclose the nomination and remuneration
policy and the evaluation criteria and activities of NRC during
the year at a glance in its annual report.
9(2)
7.
External or Statutory Auditors
7(1)
The issuer shall not engage its external or statutory auditors to perform the following services of the company,
namely:--
7(1)(i)
Appraisal or valuation services or fairness opinions;
ฟ
9(3)
7 (1) (ii)
Financial information system design and implementation;
7 (1) (iii)
Book-keeping or other services related to the accounting
records or financial statement;
V
7 (1) (iv)
Broker-dealer services;
7 (1) (v)
Actuarial services;
7 (1) (vi)
Internal audit services or special audit services;
V
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