COMMITTEES CONSTITUTED BY THE BOARD OF DIRECTORS

1. AUDIT COMMITTEE:
Role of audit committee:
To supervise, guide and review the accounting and financial statements, the internal control systems, suggest improvements/changes in financial and accounting policies and practices of the company, ensuring compliance with accounting standards, compliance with regulators and legal requirements concerning financial statements as also recommending appointment and removal of Auditor.
Constitution of Audit Committee:-
The committee was constituted in the Board meeting held on 18.05.2011 with following members
S.No Name of Members Designation
1 Pramod Kumar Agarwal Chairman
2 Nitesh R Lodha Member
3 Vimal Chand Chordia Member

2. REMUNERATION COMMITTEE:
Role of Remuneration committee:
The role of this Committee is to prescribe payment of Compensation to Directors by way of salary and other perquisites and sitting fees and other related issues.
Constitution of Remuneration Committee:-
The committee was constituted in the Board meeting held on 18.05.2011 with following members
S.No Name of Members Designation
1 Vimal Chand Chordia Chairman
2 Pramod Kumar Agarwal Member
3 Shreyans Lodha* Member

*Mr. Shreyans Lodha has been appointed in place of Mr. Ratanchand Lodha in the Board meeting held on 06.08.2011.

 
3. INVESTORS GRIEVANCE & SHARE TRANSFER COMMITTEE:
Role of Investors Grievance & Share Transfer Committee:
Investors Grievance Committee of the Company be and is hereby constituted to perform the following functions with regard to investor;
a) Power to approve share transfers,
b) Power to approve Share transmission,
c) Power to issue duplicate shares certificates,
d) Power to approve and issue fresh share certificate by way of split or consolidation of the existing certificate or in any other manner,
e) To monitor the resolution of all types of shareholders/investors grievances and queries periodically,
f) Power to allot shares, equity or preference, fully or partly convertible debentures, or other financial instruments convertible into equity shares at a later date in demat or physical mode , the issue of which has been approved by the Board of Directors of the Company,
g) Any other power specifically assigned by the Board of Directors of the Company from time to time by way of resolution passed by it in a duly conducted Meeting.
Constitution of Investors Grievance & Share Transfer Committee:-
The committee was constituted in the Board meeting held on 18.05.2011 with following members
S.No Name of Members Designation
1 Pramod Kumar Agarwal Chairman
2 Nitesh R Lodha Member
3 Vimal Chand Chordia Member