| Composition, Names of Members and Chairman |
As on 31st March, 2012 the Audit Committee had four Non-executive Independent Directors as Members.
|
| Five Meetings were held during the Financial Year ended 31st March, 2012 - 28th April, 2011, 28th July, 2011, 14th August,
2011, 3rd November, 2011 and 6th February, 2012. The composition of the Audit Committee and the attendance of each
Member at these Meetings were as follows : |
| Members |
No. of Meetings attended |
| Shri Prasanta Kumar Mallik - Chairman |
5 |
| Shri Pesi Kushru Choksey |
2 |
| Shri Amitabha Ghosh |
5 |
| Shri Vinay Sah (from 3rd November, 2011) |
Nil |
|
| Shri Kashi Prasad Khandelwal joined the Committee effective 10th April, 2012. |
| Secretary |
| Shri Gautam Ganguli, Secretary of the Company, is the Secretary to the Audit Committee. |
| Invitees (as and when considered necessary) |
| |
a) |
the Statutory Auditors. |
| |
b) |
the Internal Auditors and Cost Auditors. |
| |
c) |
Shri Kamal Chand Jain, Whole-time Director, Shri Uma Shankar Asopa, Sr. Joint President, Finance and
Shri Suresh Sharma, Sr. Joint President, Commercial of the Company. |
| Shri Prasanta Kumar Mallik, Chairman of the Audit Committee, is a senior Chartered Accountant and a past President of The Institute of Chartered Accountants of India. |
| Shri Pesi Kushru Choksey and Shri Amitabha Ghosh, Members are also senior Chartered Accountants. Shri Vinay Sah is a Senior Executive with the Life Insurance Corporation of India. |
All Members of the Audit Committee are financially literate.
The Chairman of the Audit Committee attended the last Annual General Meeting ("AGM") held on 5th July, 2011. |
