IRFC FINAL - Indian Railway Finance Corporation Ltd.

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General Body MeetingsDetails of location, time and date of last threeAnnual General Meetings (AGM) are as under :-AGMNo.21 28 th August,2008AGM Date Location Time20 30 th August,200719 28 th August,2006CommitteeRoom (237),2 nd Floor,Rail Bhawan,New Delhi.CommitteeRoom (237),2 nd Floor,Rail Bhawan,New Delhi.CommitteeRoom (237),2 nd Floor,Rail Bhawan,New Delhi.4.00P.M.3.00P.M.4.00P.M.An Extra-ordinary General Meeting of theCompany was also held on 24.03.2009 at 3.00P.M. in Committee Room 237, 2 nd floor, RailBhawan, New Delhi.Two Special Resolutions were passed in the 20 thAnnual General Meeting held on 30 th August,2007.DisclosuresNo transaction of a material nature has beenentered into by the Company with Directors orManagement and their relatives etc., which mayhave potential conflict with the interests of theCompany.There has neither been any non-compliance ofany provision of applicable law, nor has anypenalty been imposed or any strictures passedagainst the Company by the Stock Exchangesor SEBI on any matter related to capital marketduring the last three years.The Company has complied with the applicableGuidelines on Corporate Governance issuedby Department of Public Enterprises, Ministryof Heavy Industries and Public Enterprises,Government of India. No Presidential Directivewas issued by the Central Government to theCompany during the year 2008-09. No itemsof expenditure have been debited in books ofaccounts, which are not for the purposes of thebusiness. Further, there was no expense which isof personal nature and incurred for the Board ofDirectors and / or Top Management.During the year, the Administrative and Officeexpenses were 0.20% of the total expenses asagainst 0.24% in the last year.The Company did not get any qualification fromits Auditors for its accounts for the year 2008-09.CEO / CFO certificationAs required under the Listing Agreement, aCertificate related to truthfulness of FinancialStatements, bonafide nature of transactions &adequacy of internal controls, etc., duly signedby Shri R. Kashyap, Managing Director (CEO)and Shri S.K. Kaushik, Director <strong>Finance</strong> (CFO)was placed before the Board of Directors in theirmeeting held on 28 th July, 2009.Means of CommunicationDuring 2008-09, Unaudited Quarterly FinancialResults of the Company were published inselected national newspapers of repute both inEnglish and Hindi, besides being submitted to theNational Stock Exchange. Unaudited FinancialResults for the half year ended 30 th September,2008 and for the year ended 31 st March, 2009were also sent by registered post to all theregistered Bondholders of the Company.Information Memorandum of the Company hasbeen hosted on the website of National StockExchange. Annual Accounts of the Company forthe last 3 years are also available on the websiteof the Company.Whistle Blower PolicyIn line with extant best practices, the Companyhas framed a Whistle Blower Policy, and thesame has been communicated to all employeesof the Company.21
For convenience of all stakeholders, the saidpolicy has also been hosted on the website of theCompany.General Shareholder InformationAnnual General Meeting :Date : 28 th August, 2009Day : FridayTime : 4.00 p.m.Financial CalendarFinancial year of the Company is 1 st April to31 st March every year.During the year ended March 31, 2009unaudited financial results in diglot form (Hindi& English) were published on :For first quarter ended June 30,2008Economic TimesBusiness StandardNav Bharat Times (Hindi)Business Standard (Hindi)Financial TimesFor second quarter and first halfyear ended September 30, 2008Economic TimesBusiness StandardNav Bharat Times (Hindi)Business Standard (Hindi)Financial Times30.07.200830.07.200830.07.200830.07.200803.08.200823.10.200823.10.200823.10.200823.10.200826.10.2008For third quarter endedDecember 31, 2008Economic TimesBusiness StandardNav Bharat Times (Hindi)Business Standard (Hindi)Financial TimesFor fourth quarter ended March31, 2009 and also for thefinancial year 2008-09Economic TimesBusiness StandardNav Bharat Times (Hindi)Business Standard (Hindi)Financial Times31.01.200931.01.200931.01.200931.01.200908.02.200923.04.200923.04.200923.04.200923.04.200926.04.2009Dematerialisaton of BondsAll Bonds issued by the Company have beenmade available in the dematerialised form. Thesame are listed with National Stock Exchange.The Listing Fee for the year 2008-09 has beenpaid to the Stock Exchange.Compliance Certificate on CorporateGovernanceAs required under the Listing Agreement, acertificate from the Statutory Auditor of theCompany regarding compliance of conditionsof Corporate Governance by the Company hasbeen obtained which is annexed to this Report.22
Page 20 and 21: Report on Corporate GovernanceIndia
Page 22 and 23: NOTE : Salary, in the following sca
Page 26 and 27: Chief Executive Officer and Chief F
Page 28 and 29: ANNUALACCOUNTS2008-09Indian Railway
Page 30 and 31: PROFIT AND LOSS ACCOUNTFOR THE YEAR
Page 32 and 33: SCHEDULE-3LOANS(Rs. in Lacs)DESCRIP
Page 34 and 35: SCHEDULE-3 Contd...LOANS(Rs. in Lac
Page 42 and 43: SCHEDULE-7CURRENT ASSETS, LOANS & A
Page 44 and 45: SCHEDULE-8CURRENT LIABILITIES AND P
Page 46 and 47: SCHEDULE-12ADMINISTRATIVE & OTHER E
Page 48 and 49: SCHEDULE-15PRIOR PERIOD ADJUSTMENTS
Page 50 and 51: monetary assets and liabilities at
Page 52 and 53: (iii) Interest expense in respect o
Page 54 and 55: (b) The Company has one (P.Y one) I
Page 56 and 57: (b) The Company is required to tran
Page 58 and 59: As a result of adopting AS - 15 (Re
Page 60 and 61: 21. As per Accounting Standard (AS)
Page 62 and 63: 34. BALANCE SHEET ABSTRACT AND COMP
Page 64 and 65: Auditor's ReportTo,THE MEMBERS,INDI
Page 66 and 67: (xii) The company has not granted a

IRFC FINAL - Indian Railway Finance Corporation Ltd.

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