WAS ASSET RECONSTRUCTION CO. LTD. 't; ••• :;ej Plaza ., Near NtAan Schooi, Marve Tr.` :o7 1 -4- 47tr -“..)?1.90 •,;.'71.?.991, - )11985PICCL Date: 13/07/2016 To, Corporate Services Bombay Stock Exchange Ltd. Corporate Relationship Dept, 1st Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalai Street, Fort, Mumbai — 400 001 BSE Scrip Cg_de: 538607 Sub: Submission of Corporate Governance Report for the Quarter ended 30/06/2016 Dear Sir, In terms of regulation 27(2) of the new listing obligation and disclosure regulation (i.e. LODR 2015), we are enclosing herewith Corporate Governance Report in the prescribed format for the quarter ended 30 th June, 2016 for your reference and record. Kindly acknowledge the receipt. Thanking you, Yours faithfully, For Ojas Asset Reconstruction Company Limited Shobhanbabu Mandulla (Company Secretary)
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WAS ASSET RECONSTRUCTION CO. LTD. · 2016-07-13 · For Ojas Asset Reconstruction Company Limited Shobhanbabu Mandulla ... i.e. Mr. Manan Shah and Mr. Shashikumar Jatwal and Mr. Tejas
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WAS ASSET RECONSTRUCTION CO. LTD. 't;
•••:;ej Plaza ., Near NtAan Schooi, Marve Tr.` :o7 1 -4-47tr-“..)?1.90 •,;.'71.?.991,-)11985PICCL
Date: 13/07/2016
To,
Corporate Services
Bombay Stock Exchange Ltd.
Corporate Relationship Dept,
1st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalai Street, Fort, Mumbai — 400 001
BSE Scrip Cg_de: 538607
Sub: Submission of Corporate Governance Report for the Quarter ended 30/06/2016
Dear Sir,
In terms of regulation 27(2) of the new listing obligation and disclosure regulation (i.e. LODR 2015),
we are enclosing herewith Corporate Governance Report in the prescribed format for the quarter
ended 30th June, 2016 for your reference and record.
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements)Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. b. Nomination & remuneration committee No
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements)Regulations, 2015. d. Risk management committee (applicable to the top 100 listed entities) NA
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI(Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specifiedin SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: TextualInformation(1)
Note relating to the composition of the Nomination and Remuneration Committee: The Nominationand Remuneration Committee of the Company consists of two Non Executive Independent Directorsi.e. Mr. Manan Shah and Mr. Shashikumar Jatwal and Mr. Tejas Hingu, Executive Director. As thecompany consists of four directors on the Board which includes two executive and two nonexecutive directors. The committee is constituted as per the composition of Board. The committeesatisfies the criteria of 50% independent directors in the committee. The Company is in the processto appoint the Non Executive Director and will comply with the requirement of SEBI LODRRegulation, 2015 in terms of composition of Nomination and Remuneration Committee.