Committees of the Governing Board of the Manager
Name of committee | Composition |
Present members |
Quorum and voting |
Frequency of meetings |
---|---|---|---|---|
Audit Committee |
The Audit Committee shall comprise of three members, with at least 2/3rd of the Audit Committee comprising independent members. The chairperson of the Audit Committee shall be an independent member. All members of the Audit Committee shall be financially literate and at least one member shall have accounting or related financial management expertise. |
Mr. Bobby Parikh (Chairperson) Mr. Deepak Ghaisas Mr. Neel C. Raheja |
The quorum for a meeting of the Audit Committee shall be at least two members or 1/3rd of the members of the Audit Committee, whichever is greater, of which at least two of the members present shall be independent |
The Audit Committee shall meet at least once in every calendar quarter, with a maximum interval of 120 days between any two consecutive meetings of the Audit Committee, such that at least four meetings are held in each calendar year and further such number of times as required considering the scope and terms of reference of the Audit Committee |
Stakeholders' Relationship Committee |
The Stakeholders’ Relationship Committee shall comprise of three members, with one independent member. The chairperson of the Stakeholders’ Relationship Committee shall be an independent member |
Mr. Deepak Ghaisas (Chairperson) Mr. Ravi C. Raheja Mr. Neel C. Raheja |
The quorum for a meeting of the Stakeholders’ Relationship Committee shall be at least two members of the Stakeholders’ Relationship Committee of which at least one of the members present shall be independent |
The Stakeholders’ Relationship Committee shall meet at least once every year, or as frequently as determined by the members of the Stakeholders’ Relationship Committee |
Nomination and Remuneration Committee |
The Nomination and Remuneration Committee shall comprise of three members, with atleast two members being independent members. The chairperson of the Nomination and Remuneration Committee shall be an independent member |
Mr. Bobby Parikh (Chairperson) Ms. Manisha Girotra Mr. Manish Kejriwal Mr. Ravi C. Raheja |
The quorum for a meeting of the Nomination and Remuneration Committee shall be two members or 1/3rd of the members of the Nomination and Remuneration Committee, whichever is greater of which at least one of the members present shall be independent |
The Nomination and Remuneration Committee shall meet at least once every six months, or as frequently as determined by the members of the Nomination and Remuneration Committee |
Investment Committee |
The Investment Committee shall at all times comprise of atleast one independent member. |
Mr. Deepak Ghaisas (Chairperson) Ms. Manisha Girotra Mr. Manish Kejriwal Mr. Neel C. Raheja |
The quorum for a meeting of the Investment Committee shall be two members |
The Investment Committee shall meet at such times and at such intervals as the Members of the Investment Committee may deem necessary |