Page 122 - BCML AR 2019-20

STATUTORY SECTION

Atleast one meeting of the Audit Committee was held in every quarter and the time gap between any two consecutive meetings of the Audit
Committee did not exceed 120 days during the year 2019-20. During the year ended 31st March, 2020, 4 (four) Audit Committee meetings
were held on 25th May, 2019, 7th August, 2019, 11th November, 2019 and 10th February, 2020. The composition and attendance of the
members of the Audit Committee are as follows:
Sl.No. Name of the Directors Position No. of meetings attended
1. Late (Shri) R. N. Das Chairman (upto 03.12.2019) 3
2. Shri D. K. Mittal Chairman (from 04.12.2019) 4
3. Shri Krishnava Dutt Member 3
4. Shri Sakti Prasad Ghosh Member 4
5. Shri Naresh Dayal Member (from 04.12.2019) 1
Late (Shri) R. N. Das, then Chairman of the Audit Committee was present at the last Annual General Meeting of the Company to answer the
queries related to accounts to the satisfaction of the shareholders.

nomination & Remuneration Committee Composition, Meetings and Attendance
Terms of Reference The Nomination & Remuneration Committee has been re-
The terms of reference of the Nomination & Remuneration constituted by the Board twice during the financial year ended
Committee cover all the areas mentioned under Regulation 19 of 31st March, 2020. Due to resignation of Smt. Novel S. Lavasa, the
the Listing Regulations and Section 178 of the Act. The broad terms Board at its meeting held on 25th May, 2019, reconstituted the
of reference of the Committee includes: Committee (effective 1st June, 2019) by inducting Shri S. P. Ghosh
as a member. Thereafter, due to sad demise of Late (Shri) R. N. Das
(i) To formulate the criteria for determining qualifications, positive
attributes and independence of a Director; on 3rd December, 2019, the Board by its resolution passed through
circulation reconstituted the Committee (effective 4th December,
(ii) To recommend to the Board a policy relating to the 2019) by inducting Shri Naresh Dayal as a member. Both, Shri Ghosh
remuneration for the directors, key managerial personnel, and and Shri Dayal, were apprised about the terms of reference and role
other employees of the Company; of the Committee at the time of induction. As on 31st March, 2020,
the Nomination & Remuneration Committee comprised of 3(three)
(iii) To identify persons who are qualified to become directors and
who may be appointed in senior management; Non-Executive directors, two of whom are Independent Directors.
(iv) To evaluate the performance of all Directors.

During the year ended 31st March, 2020, 4 (four) Nomination & Remuneration Committee meetings were held on 25th May, 2019, 30th
August, 2019, 11th November, 2019 and 10th February, 2020. The composition and attendance of the members of the Nomination &
Remuneration Committee are as follows:
Sl.No. Name of the Directors Position No. of meetings attended
1. Shri D. K. Mittal Chairman 3
2. Late (Shri) R. N. Das Member (upto 03.12.2019) 3
3. Smt. Novel S Lavasa Member (upto 31.05.2019) 0
4. Shri S. P. Ghosh Member (from 01.06.2019) 3
5. Shri Naresh Dayal Member (from 04.12.2019) 1

The representative of the Chairman of the Nomination & Remuneration Committee was present at the last Annual General Meeting of the
Company to answer the queries of the shareholders.

120 | Balrampur Chini Mills Limited