ISPAT INDUSTRIES LIMITED
Report on Corporate Governance for the
Quarter ended on
|
Particulars |
Clause of Listing agreement |
Compliance Status Yes/No |
Remarks |
|
I. Board of Directors |
49 I |
|
|
|
(A) Composition of
Board |
49 (IA) |
Yes |
|
|
(B) Non-executive
Directors’ compensation & disclosures |
49 (IB) |
Yes |
|
|
(C) Other provisions as to
Board and Committees |
49 (IC) |
Yes |
|
|
(D) Code of Conduct |
49 (ID) |
Yes |
Compliance
affirmed for the year 2007-08 and declaration by CEO shall be duly
incorporated in the Annual Report for the year 2007-2008. |
|
II. Audit Committee |
49 (II) |
|
|
|
(A) Qualified & Independent Audit Committee |
49 (IIA) |
Yes |
|
|
(B) Meeting of Audit
Committee |
49 (IIB) |
Yes |
|
|
(C) Powers of Audit
Committee |
49 (IIC) |
Yes |
|
|
(D) Role of Audit
Committee |
49 II(D) |
Yes |
|
|
(E) Review of Information by Audit Committee |
49 (IIE) |
Yes |
|
|
|
49 ( |
Yes |
|
|
IV. Disclosures |
49 (IV) |
Yes |
|
|
(A) Basis of related
party transactions |
49 (IV A) |
Yes |
|
|
(B) Disclosure of
Accounting Treatment |
49 (IV B) |
NA |
Shall
be duly disclosed, in the event the treatment is different from Accounting
Standards. |
|
(C) Board Disclosures |
49 (IV C) |
Yes |
|
|
(D) Proceeds from
public issues, rights issues, preferential issues etc. |
49 (IV D) |
NA |
Proceeds
from preferential allotment of equity warrants during the quarter shall be
duly disclosed at the meeting of Audit Committee, as and when held, for
considering the unaudited financial results for the
quarter ended 30th June, 2008. |
|
(E) Remuneration of
Directors |
49 (IV E) |
Yes |
Disclosed
in the Annual Report for the year
2006-07. Shall
be disclosed in the Annual Report for the year 2007-08. |
Particulars |
Clause of Listing agreement |
Compliance Status Yes/No |
Remarks |
|
(F) Management |
49 (IV F) |
Yes |
Formed
part of the Annual Report for the year 2006-07. Shall
form part of the Annual Report for the year 2007-08. |
|
(G) Shareholders |
49 (IV G) |
Yes |
Formed
part of the Annual Report for the year
2006-07. Shall
form part of the Annual Report for the year 2007-08. |
|
V. CEO/CFO Certification |
49 (V) |
Yes |
Complied
in respect of Financial Year 2007-08. Shall form part of the Annual Report
for the year 2007-08. |
|
VI. Report on Corporate Governance |
49 (VI) |
Yes |
Formed
part of the Annual Report for the year 2006-07. Shall
form part of the Annual Report for the year 2007-08. |
|
|
49 ( |
Yes |
Sub-clause
(1) – Formed part of the Annual Report for the year 2006-07. Shall
form part of the Annual Report for the year 2007-08. Sub-clause
(2) – Non-mandatory disclosure made in the Annual Report for the year
2006-07. Disclosure
shall be made in the Annual Report for the year 2007-08. |