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We further report that,                            Directors including independent Director have consented to the
                                                             shorter period of circulation of the same. All decisions at Board
          The Board of Directors of the Company is duly constituted with
          proper balance of Executive Directors, Non-Executive Directors and   Meetings and Committee Meetings are carried out unanimously as
          Independent Directors. However the constitution of Nomination and   recorded in the minutes of the meetings of the Board of Directors or
          Remuneration Committee consisted of two independent directors   Committees of the Board, as the case may be.
          and an executive director which was reconstituted after the close of   We further report that there are adequate systems and processes
          financial year with the appointment of non executive director.  in the company commensurate with the size and operations of the
                                                             company to monitor and ensure compliance with applicable laws,
          Adequate notice is given to all directors to schedule the Board   rules, regulations and guidelines.
          Meetings, agenda and detailed notes on agenda were sent at least
          seven days in advance, and a system exists for seeking and obtaining   We further report thatduring the audit period, there are no specific
          furtherinformation and clarifications on the agenda items before   events / actions having a major bearing on the company’s affairs in
          the meeting and for meaningful participation at the meeting at the   pursuance of the above referred laws, rules, regulations, guidelines,
          meeting  Further, in the incidences where, for the purpose of any   standards, etc. referred to above.
          Board or Committee Meeting, notice, agenda or notes to agenda
          are circulated with shorter period of less than seven days, all the

                                                                                              For SVD & Associates
                                                                                              Company Secretaries
                                                                                               Sridhar G. Mudaliar
                                                                                                   FCS No: 6156
          Place: Pune                                                                               C P No: 2664
          Date: June 22, 2020                                                             UDIN: F006156B000362072
          Note: This report is to be read with letter of even date by the Secretarial Auditors, which is annexed as Annexure A and forms an integral part
          of this report.

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