Amal Ltd 2012-13

Amal Ltd | Annual Report 2012-13 xiv) Reviewing uses | applications of funds raised through public | right | preference issues by major categories vis-à-vis thepurposes narrated in theoffer document | prospectus | notice xv) Recommending appointment and removal of the Statutory Auditors and fixation of audit fees, and approval for payment for any other services xvi) Determining | formulating the Codeof Conduct and relatedmatters xvii) Determining procedures about the risk assessment and minimisation and reviewing periodically to ensure that the executive management control risks through means of a properly defined framework xviii) Discussingwith the Internal Auditors on any significant findings and followup thereon xix) Discussing with the Auditors before the audit commences regarding nature and scope of the audit aswell as to havepost-audit discussion toascertain any areas of concern xx) Discussing with the Auditors, periodically, about Internal Control Systems, the scope of audit including the observations of the Auditors and review of quarterly, half-yearly and annual financial statements before submission to the Board xxi) Ensuring compliance of Internal Control Systems The Committee comprises three Members. All the Members are Non-executive and Independent Directors. TheMembers have relevant experience in financialmatters. 1 Mr NCSinghal Chairman 2 Mr SAShah Member 3 Mr AR Jadeja Member During the year fourmeetingswereheld: 1 Mr NCSinghal 4 4 2 Mr SAShah 4 4 3 Mr AR Jadeja 4 4 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. TheBoardnotes theminutes of theAudit Committeemeetings. 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 shares 3.1.2 Composition Designation 3.2 ShareTransfer andShareholders’ | Investors’ GrievanceCommittee 3.2.1 Role Number Name 3.1.3 Meetings andAttendance Number Name Total Attended  