Annual Report for 2011-2012 - Vizag Steel

30 th Annual Report 2011-12
3. Shri Ashhok Kumar Jain, who was appointed as part-time non-official Director on the Board of RINL with
effect from 14 th May 2012 by the President of India vide Order No. 1(1)/2009-VSP, dt.14 th May 2012
issued by Ministry of Steel. He joined in the Company as additional Director on 14 th May 2012
The Company has received a notice in writing from a Member pursuant to the provisions Section 257 of
the Companies Act, 1956, signifying intention to propose Shri Ashhok Kumar Jain part-time non-official
Director of the Company.
Shri Ashhok Kumar Jain, aged 60 years, is a Fellow Associate of the Institute of Chartered Accountants
of India since 1976. He has more than 34 years of experience as an Income Tax practitioner. He is a
senior partner in the Chartered Accountant firm of Jain Kapila Associates, Chartered Accountants.
None of the Directors except Shri Ashhok Kumar Jain is interested or concerned in the Resolution.
The Board of Directors considers that in view of the background and experience of Shri Ashhok Kumar
Jain, it would be in the interest of the Company to appoint him as part-time non-official Director of the
Company. The Board recommends the Resolution for your approval.
4. Professor Sushil, who was appointed as part-time non-official Director on the Board of RINL with effect
from 14 th May 2012 by the President of India vide Order No. 1(1)/2009-VSP, dt.14 th May 2012 issued by
Ministry of Steel. He joined in the Company as additional Director on 14 th May 2012.
The Company has received a notice in writing from a Member pursuant to the provisions Section 257 of
the Companies Act, 1956, signifying intention to propose Prof. Sushil part-time non-official Director of
the Company.
Prof. Sushil, aged 55 years, is a Bachelor of Engineering Degree in Mechanical Engineering from Madhav
Institute of Technology and Sciences, Jiwaji University, Gwalior and a Master in Technology Degree in
Industrial Engineering from Indian Institute of Technology, Delhi. He has a Doctor of Philosophy Degree
from Indian Institute of Technology, Delhi in Systems Modelling of Waste Management in National Planning.
He has 24 years of experience as a professor. Prof. Sushil is currently a professor in Indian Institute of
Technology, New Delhi and is also a visiting/adjunct professor in various other institutions. He has authored
publications on topics like core competence and flexibility in strategic formulation and flexible enterprise
for global business. He became the Director of our Company from May 14 th . 2012.
None of the Directors except Prof. Sushil is interested or concerned in the Resolution.
The Board of Directors considers that in view of the background and experience of Prof. Sushil, it would
be in the interest of the Company to appoint him as part-time non-official Director of the Company. The
Board recommends the Resolution for your approval.
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