Corporate Governance Report

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  • Annual Corporate Governance Certificate
    Q4 - Corporate Governance Report
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    Q2 - Corporate Governance Report
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  • Annual Corporate Governance Certificate
    Q4 - Corporate Governance Report
    Q3 - Corporate Governance Report
    Q2 - Corporate Governance Report
    Q1 - Corporate Governance Report
  • Annual Corporate Governance Certificate
    Q4 - Corporate Governance Report
    Q3 - Corporate Governance Report
    Q2 - Corporate Governance Report
    Q1 - Corporate Governance Report
  • Annual Corporate Governance Certificate
    Q4 - Corporate Governance Report
    Q3 - Corporate Governance Report
    Q2 - Corporate Governance Report
    Q1 - Corporate Governance Report

Company Policies

Code of Conduct
Risk Management Policy
Directors Appointment and Evaluation Policy
Whistleblower Policy
Corporate Social Responsibility Policy
Policy on Material Subsidiaries
Related Party Transaction Policy
Code of Conduct for Fair Disclosure
Policy for Determination of Material Events
Archival Policy
Familiarisation Programme

Committees

Audit Committee

The Audit Committee was constituted by the Board of Directors, complying with section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Audit committee consists of following members:

Name of Directors Designation
Savita Agarwal, Chairman Independent Director
Anil Agrawal, Member Independent Director
Rupinder Singh, Member Independent Director
Arvind Kajaria, Member Managing Director

The terms of reference of the Audit Committee are as follows:

  • To interact with the auditors periodically about internal control systems, the scope of audit including the observations of auditors and review the quarterly, half-yearly and annual financial statements before submission to the Board and also ensure compliance of internal control systems.
  • Overseeing the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.
  • Recommending to the Board, the appointment, re-appointment and, if required, the replacement or removal of the statutory auditor and the fixation of audit fee.
  • Approve payment for any other services rendered by the statutory auditors.
  • Reviewing, with the management, the annual financial statements before submission to the Board for approval, with particular reference to:
    • Matters required to be included in the Directors’ Responsibility Statement included in the Board’s Report in terms of clause(e) of sub-section 3 of section 134 of the Companies Act, 2013.
    • Changes, if any, in accounting policies and practices and reasons for the same.
    • Major accounting entries based on the exercise of judgment by management.
    • Significant adjustments made in the financial statements arising out of audit findings.
    • Compliance with listing and other legal requirements relating to financial statements.
    • Disclosure of any related party transactions.
    • Qualifications in the draft audit report.
  • Reviewing, with the management, the quarterly financial statements before submission to the Board for approval.
  • Reviewing with the management, the statement of uses/application of fund raised through an Initial Public Offer (IPO) on a quarterly basis as a part of quarterly review of financial results.
  • Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems.
  • Reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit.
  • Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern.
  • To look into the reasons for substantial defaults, if any, in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors.
  • Approval or any subsequent modifications of transactions of the with related parties.
  • Scrutiny of inter-corporate loans and investments.
  • Reviewing and monitoring the auditor's independence and performance and effectiveness of audit process.
  • Valuation of undertakings or assets of the Company, wherever it is necessary.
  • Evaluation of internal financial controls and risk management systems.
  • To review the functioning of whistle blower mechanism.
  • Approval of appointment of CFO after assessing the qualifications, experience & background etc of the candidate.
  • Carrying out such other functions as may be specificallyreferred to the committe by the company's Board of Directors.
The Company Secretary of our Company acts as the secretary to the Committee.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee was constituted by the Board of Directors complying with section 178 of the Companies Act, 2013 and Regulation 19 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015. This Committee is responsible for the oversight of executive compensation. The Nomination and Remuneration Committee consists of the following members:

Name of Directors Designation
Rupinder Singh, Chairman Independent Director
Ashok Bhandari, Member Independent Director
Savita Agarwal, Member Independent Director
Anil Agrawal, Member Independent Director

The terms of reference of the Nomination and Remuneration Committee are as follows:

  • Identifying and selection of candidates for appointment as Directors / Independent Directors based on certain criteria.
  • Identifying potential individual for appointment as Key Managerial Personnel and to other Senior Management positions, if any.
  • Formulate and review from time to time the policy for selection and appointment of Directors, Key Managerial Personnel, Senior Management and their remuneration.
  • Review the overall performance of the Board of Directors, Key Management Personnel and Senior Management employees.
The Company Secretary of our Company acts as the secretary to the Committee.

Stakeholders Relationship Committee

The Stakeholders Relationship Committee was constituted by the Board of Directors, complying with section 178 of the Companies Act, 2013 and Regulation 20 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This Committee is responsible for the redressal of shareholder grievances. The Stakeholders Relationship Committee consists of the following members:

Name of Directors Designation
Anil Agrawal, Chairman Independent Director
Rupinder Singh, Member Independent Director
Ashok Bhadari, Member Independent Director
Arvind Kajaria, Member Managing Director

The terms of reference of the Stakeholders Relationship Committee are as follows:

  • Investor relations and redressal of shareholders grievances in general and relating to non receipt of declared dividends, interest, non- receipt of balance sheet etc.
  • Such other matters as may from time to time be required by any statutory, contractual or other regulatory requirements to be attended to by such committee.
The Company Secretary of our Company acts as the secretary to the Committee.

Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee was constituted by the Board of Directors. This Committee is responsible for complying with Section 135 of the Companies Act, 2013. The Corporate Social Responsibility Committee consists of the following members:

Name of Directors Designation
Arvind Kajaria, Chairman Managing Director
Ashok Bhadari, Member Independent Director
Anil Agrawal, Member Independent Director
Rupinder Singh, Member Independent Director

The terms of reference of the Corporate Social Responsibility Committee are as follows:

  • To frame CSR policy and review it from time to time.
  • To ensure implementation and monitoring of the CSR activities as per the approved policy, plans and budget.
  • To ensure the compliance with the laws, rules & regulations governing the CSR.
  • To monitor the amount spent under CSR.
The Company Secretary of our Company acts as the secretary to the Committee.

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