Year : 2010-11 - CCL
Year : 2010-11 - CCL
Year : 2010-11 - CCL
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ANNUAL REPORT <strong>2010</strong>-<strong>11</strong> ________________________________________________________<br />
During the year ended 31st March,20<strong>11</strong>, 06 (six) meetings of ESCD were held on <strong>11</strong>.05.10,<br />
19.06.10, 19.08.10, 01.10.10, 27.<strong>11</strong>.10 & 05.02.<strong>11</strong>.<br />
(ii) Audit Committee of Directors<br />
The Board, at its 365th meeting held on 26.02.<strong>2010</strong>, reconstituted the Audit Committee of Directors<br />
comprising of the following :<br />
1. Ms. Rama Rani Hota, Non-official part-time Director … Chairman<br />
2. Dr. Kalyan Sen, Non-official part-time Director … Member<br />
3. Shri R.K. Mahajan, Joint Secretary, MoC … Member<br />
4. Shri R. Mohan Das, Director(P&IR), CIL … Member<br />
5. Shri M.K. Sinha, Non-official part-time Director … Member<br />
6. Shri R.S. Pandey, Non-official part-time Director … Invitee<br />
Subsequently, on completion of tenure of 3 Non-Official Part-Time Directors of <strong>CCL</strong>, viz;<br />
Ms. Rama Rani Hota, Dr. Kalyan Sen & Shri M.K.Sinha, the Board at its 369th meeting held on<br />
29.07.10 approved reconstitution of the Audit Committee of Directors w.e.f. 24.08.<strong>2010</strong> comprising<br />
the following Members :<br />
1. Shri S.K. Sarkar, Non-official part-time Director … Chairman<br />
2. Shri Gautam Basu, Non-official part-time Director … Member<br />
3. Shri R.K. Mahajan, Joint Secretary, MOC … Member<br />
4. Shri R. Mohan Das, D(P&IR), CIL … Member<br />
5. Shri R.S.Pandey, COM, EC Rly … Invitee<br />
Keeping in view of the induction of 3 Part-Time Non-Official Directors on the <strong>CCL</strong> Board viz;<br />
Shri S. Chakrabarti, Shri Anand Kumar and Prof. K.V. Ramani and maintaining the ratio of 2:1 or 4:2<br />
of Independent Directors to other Directors in the Audit Committee, as per the Guidelines of Corporate<br />
Governance, the Board at its 376th meeting held on 03.04.<strong>11</strong>, approved re-constitution of the Audit<br />
Committee comprising the following Members :<br />
1. Shri S.K. Sarkar, Non-official part-time Director … Chairman<br />
2. Shri Gautam Basu, Non-official part-time Director … Member<br />
3. Shri Anand Kumar, Non-official part-time Director … Member<br />
4. Prof. K.V. Ramani, Non-official part-time Director … Member<br />
5. Shri R.K. Mahajan, Joint Secretary, MOC … Member<br />
6. Shri R. Mohan Das, D(P&IR), CIL … Member<br />
7. Shri R.S.Pandey, COM, EC Rly … Invitee<br />
With provision that in absence of Shri S.K. Sarkar, Chairman, of the Audit Committee, Shri<br />
Gautam Basu, Non-official part-time Director will act as Chairman of the Audit Committee.<br />
The quorum for the meeting of Audit Committee shall be either two members or one third of the<br />
members of the Audit Committee, whichever is greater, but at least two Independent Directors must<br />
be present.<br />
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