Page 93 - FBL AR 2019-20

CORPORATE STATUTORY FINANCIAL
OVERVIEW STATEMENTS STATEMENTS

(vi) During the period under review the Company has complied with the provisions of the Acts, Rules, Regulations, Guidelines, Standards,
etc. mentioned above. We further report that, having regard to the compliance system prevailing in the Company and on examination
of the relevant documents and records in pursuance thereof on test-check basis, the Company has complied with the following laws
applicable specifically to the Company.
a) Drugs and Cosmetics Act, 1940
b) The Environment (Protection) Act,1986
c) The Water (Prevention and Control of Pollution) Act,1974
d) The Air (Prevention and Control of Pollution) Act,1981

We have been informed that the compliance of the above laws is monitored on monthly basis by the Compliance officer and necessary
action is initiated for non-compliance, if any. Additionally, we have been informed that a status report signed by the Company Secretary and
the Chief Financial Officer on compliance of various statues is submitted to the Board at its every meeting.
We have also examined compliance with the applicable clauses of the following:
(i) Secretarial Standards issued by The Institute of Company Secretaries of India, and
(ii) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We further report that

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and
Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried
out in compliance with the provisions of the Act.
Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days
in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and
for meaningful participation at the meeting.
All decisions at Board Meetings and Committee meetings are carried out unanimously as recorded in the minutes of the meetings of the
Board of Directors or Committee of the Board, as the case may be.
We further report that there are adequate systems and processes in the Company commensurate with the size and its operations to monitor
and ensure compliance with applicable laws, rules, regulations and guidelines.

For V.N.DEODHAR & CO.,
COMPANY SECRETARIES

V.N.DEODHAR
UDIN: F00188B000628385 PROP.
Place: Mumbai FCS NO.1880
Date: August 28, 2020 C.P. No. 898

This Report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this Report.

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