|
REPORT
ON CORPORATE GOVERNANCE FOR THE QUARTER ENDED |
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|
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.
Declaration by CEO duly incorporated in the Annual Report for the year
2005-06
|
| 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 (IID) | 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, wherever 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 | 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 2005-06 |
| (F) Management | 49 (IV F) | Yes | Forms part of the Annual Report for the year 2005-06 |
| (G) Shareholders | 49 (IV G) | Yes | Forms part of the Annual Report for the year 2005-06 |
| V. CEO/CFO Certification | 49 (V) | NA | Complied in respect of financial year 2005-06. Duly incorporated in the Annual Report for the Year 2005-06 |
| VI. Report on Corporate Governance | 49 (VI) | Yes | Forms part of the Annual Report for the year 2005-06 |
| VII. Compliance | 49 (VII) | Yes |
Sub-clause (1) – forms part of Annual Report
for 2005-06 Sub-clause (2) – Non-mandatory. Disclosure made in Annual Report for 2005-06 |