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Script Code : BSE-539008
Face Value: 10
Industry : Finance
Corporate Social Responsibility and Governance Committee
An ISO certified company ISO 9001: 2008

Composition :
Mr. Arvind Jethalal Gala
Mr. Sudhir Bhikhalal Parekh
Ms. Shika Mehra

Terms of Reference:
The terms of reference of the Committee, inter alia, include the following:

  1. To formulate and recommend to the Board, a Corporate Social Responsibility Policy indicating the activities to be undertaken by the Company in compliance with the provisions of the Companies Act, 2013 and the rules made thereunder;
  2. To recommend the amount of expenditure to be incurred on the activities referred to above;
  3. To monitor the implementation of the Corporate Social Responsibility Policy of the Company from time to time;
  4. To approve Corporate Sustainability Reports and oversee the implementation of sustainability activities;
  5. To oversee the implementation of polices contained in the Business Responsibility Policy Manual and to make any changes / modifications, as may be required, from time to time and to review and recommend the Business Responsibility Reports to the Board for its approval;
  6. To observe practices of Corporate Governance at all levels and to suggest remedial measures wherever necessary;
  7. To ensure compliance with the corporate governance norms prescribed under the Listing Agreements with Stock Exchanges, the Companies Act and other statutes or any modification or re-enactment thereof;
  8. To advise the Board periodically with respect to significant developments in the law and practice of corporate governance and to make recommendations to the Board for appropriate revisions to the Company's Corporate Governance Guidelines;
  9. To monitor Company's compliance with the Corporate Governance Guidelines and applicable laws and regulations and make recommendations to the Board on all such matters and on any corrective action to be taken, as the Committee may deem appropriate;
  10. To review and assess the adequacy of the Company's Corporate Governance Manual, Code of Conduct for Directors and Senior Management, the Code of Ethics and other internal policies and guidelines and monitor that the principles described therein are being incorporated into the Company's culture and business practices;
  11. To formulate / approve codes and / or policies for better governance;
  12. To provide correct inputs to the media so as to preserve and protect the Company's image and standing;
  13. To disseminate factually correct information to investors, institutions and the public at large;
  14. To establish oversight on important corporate communication on behalf of the Company with the assistance of consultants / advisors, if necessary;
  15. To ensure institution of standardized channels of internal communications across the Company to facilitate a high level of disciplines participation; and
  16. To carry out any other function as is mandated by the Board from time to time and/or enforced by any statutory notification, amendment or modification as may be applicable or as may be necessary or appropriate for the performance of its duties.