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In compliance with section 292A and Schedule XIII of Companies Act, the Exchange has constituted the following committees :-
AUDIT COMMITEE |
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The functions of the Committee would be overseeing of audit functions and quality of financial reporting, including,
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Appointment and/ or Replacement of auditors
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Approval of changes to accounting policies
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Giving of guarantees or indemnities by the company or the charging of Company’s assets
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Commencement of legal proceedings other than in the normal course of business
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Monitor the operating results achieved, from both qualitative and financial perspectives
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Investment functions
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The Audit Committee comprises of experts in finance, Investments and related fields. The Composition of Audit Committee is as follows:-
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Mr. R. Bhaskaran (Chairman)
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Mr. Sanjeev Asthana
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Mr. R. Ramaseshan
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BOARD GOVERNANCE AND COMPENSATION COMMITTEE |
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Board Governance and Compensation Committee basically deliberates on the matters like compensation policies for Board and employees of the Exchange, performance evaluation of Managing Director/Manager and key matters pertaining to human resources and management development measures. The Composition of Committee is as follows:-
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Mr. Sanjeev Asthana (Chairman)
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Mr. R. Bhaskaran
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Mr. Arun Balkrishnan
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Mr. R. Ramaseshan
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