Page 65 - KRCL ENglish

(v) Being a listed Corporation, the Directors had laid down internal nancial controls
to be followed by the Corporation and that such internal nancial controls are
adequate and were operating effectively and

vi) The Directors had devised proper system to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and
operating effectively.

43. VIGIL MECHANISM

The Corporation has a vigil mechanism to report about unethical behavior, actual
or suspected fraud or violation of the Corporation's Code of Conduct. As a part of
its vigil mechanism, the Corporation has adopted a Whistle Blower Policy to
provide appropriate avenues to the employees of the Corporation to report to the
Management. The Policy also provides for adequate safeguards against
victimization of employees who avail of the mechanism. It provides for direct
access to the Chairman of the Audit Committee in exceptional cases. The Vigil
Mechanism (Whistle Blower Policy) is available on the website of the Corporation
at http://konkanrailway.com/uploads/editor_images/1542798231_whistle blower
-21-11-18.pdf.

44. COPY OF ANNUAL RETURN

A copy of the Annual Return of the Corporation for the nancial year 2019-20 is
available at http://konkanrailway.com/department/viewdept/bonds.

45. DETAILS ON JV AND ASSOCIATE COMPANIES

Corporation has one Associate Company named Jaigarh Digni Rail Limited
(JDRL), which was incorporated on 21.05.2015 with contribution of 26% Equity by
the Corporation, 11% equity by Maharashtra Maritime Board and 63% equity by
JSW Jaigarh Port Limited. As on 31st March, 2020, the total investment of the
Corporation in JDRL stands at ` 26.00 Crore.

46. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS
The particulars of loans, guarantees and investments are disclosed in the nancial
statement at note no. 7 & 8.

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