Amal Ltd 2011-12

Amal Ltd | Annual Report 2011-12 The Statutory Auditors, the Cost Auditors, the Chairman, the Managing Director, the Company Secretary, Heads of Finance & Accounts and Internal Audit are permanent invitees to the meetings. The Board notes the minutes of the Audit Committee meetings. 3.2 Share Transfer and Shareholders’ | Investors’ Grievance Committee 3.2.1 Role i) Reviewing redressal of complaints of the Shareholders and the Investors like transfer of shares (physical and demat), non-receipt of Balance Sheet, non-receipt of declared dividends, etc ii) Reviewing any other related matter which the Committee may deem fit in the circumstances of the case including the following: • Transfer shares • Transmit of shares • Delete name(s) from share certificates • Change name(s) of the Members on share certificates • Issue duplicate share certificates • Consolidate share certificates • Transpose names • Dematerialise shares • Inter depository transfer • Rematerialise shares • Split-up shares • Replace shares • Delete name(s) of guardian(s) 3.2.2 Composition The Committee comprises two Members. Both the Members are Non-executive Directors. Number Name Designation 1 Mr N C Singhal Chairman 2 Mr T R Gopi Kannan Member Mr A Chhajer, Head, Finance & Company Secretary is the Compliance Officer. 3.2.3 Meetings and Attendance During the year four meetings were held: Number Name Total Attended 1 Mr N C Singhal 4 4 2 Mr T R Gopi Kannan 4 4 During the year, 13 complaints were received from the Investors. All the grievances were solved to the satisfaction of the Investors: Number Nature of Complaint Received Redressed 1 Non-receipt of share certificates 6 6 2 Non-receipt of shares after name change 1 1 3 Non-receipt of Demat credit 3 3 4 Others 3 3 The Board notes the minutes of the Share Transfer and Shareholders’ | Investors’ Grievance Committee meetings. 3.3 Remuneration Committee Remuneration Committee of the Company was reconstituted on May 14, 2011.