Amal Ltd 2015-16

17 During the period under review, the Company has generally complied with the provisions of the Act, Old Act, Rules, Regulations, guidelines, standards mentioned above. I 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 as is required as per applicable Clauses | Regulations under Listing Agreement | The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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 the 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. Majority decision is carried through while the dissenting Members’ views are captured and recorded as part of the Minutes wherever required. I further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. I further report that during the audit period there were no instances of: i) Public issue| Right issue | Preferential issue of shares | issue of debentures | issue of sweat Equity ii) Redemption | Buy-back of securities iii) Major decisions taken by the Members in pursuance to Section 180 of the Act iv) Foreign Technical Collaborations I further report that during the audit period the Company has not undertaken event | action having a major bearing on the affairs of the Company in pursuance of the above referred laws, rules, regulations, guidelines, standards, etc. For Nilesh A. Pradhan & Co Practicing Company Secretaries Nilesh A. Pradhan Proprietor Place: Mumbai FCS: 5445 Date: April 15, 2016 COP: 3659 Note: This report should be read with my letter which is annexed as Annexure III and forms an integral part of this report.