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 has been duly
incorporated in the Annual Report for the year 2007-2008. Affirmation of compliance for
the year 2008-09 shall be obtained by |
|
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 |
|
|
III. Subsidiary Companies |
49 (III) |
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 any Accounting 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 |
No
money has been raised through public issues etc., during the quarter. |
|
(E) Remuneration of Directors |
49 (IV E) |
Yes |
Disclosed
in the Annual Report for the year
2007-08. Shall be disclosed in the
Annual Report for the year 2008-09. |
|
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 2007-08. Shall form part of the Annual
Report for the year 2008-09. |
|
(G) Shareholders |
49 (IV G) |
Yes |
Formed
part of the Annual Report for the year
2007-08. Shall form part of the Annual
Report for the year 2008-09. |
|
V. CEO/CFO Certification |
49 (V) |
Yes |
Complied
in respect of Financial Year 2007-08. Also forms part of Annual Report for
the year 2007-08. Shall be complied for the
financial year 2008-09. |
|
VI. Report on Corporate Governance |
49 (VI) |
Yes |
Formed
part of the Annual Report for the year 2007-08. Shall form part of the Annual
Report for the year 2008-09. |
|
VII. Compliance |
49 (VII) |
Yes |
Sub-clause
(1) – Formed part of the Annual Report for the year 2007-08. Shall form part of the Annual
Report for the year 2008-09. Sub-clause (2) – Non-mandatory
disclosure made in the Annual Report for the year 2007-08. Disclosure shall be made in the
Annual Report for the year 2008-09. |