QUARTERLY COMPLIANCE REPORT ON
CORPORATE GOVERNANCE
Quarter ending on : 31.03.2011
Particulars
|
Clause of Listing Agreement |
Compliance Status Yes/No/NA |
Remarks |
|
1 |
2 |
3 |
4 |
|
I Board of Directors |
49 I
|
|
|
|
(A) Composition of Board |
49(IA) |
Yes |
------------ |
|
(B) Non-executive Directors’ compensation & disclosures |
49 (IB) |
Yes |
----------- |
|
(C) Other provisions as to Board and Committees |
49 (IC) |
Yes |
----------- |
|
D) Code of Conduct |
(49 (ID) |
Yes |
----------- |
|
II. Audit Committee |
49 (II) |
|
|
|
(F)Qualified & Independent Audit Committee |
49 (IIA) |
Yes |
----------- |
|
(G)Meeting of Audit Committee |
|
Yes |
----------- |
|
(H)Powers of Audit Committee 49 (IIC) |
49 (IIB) |
Yes |
----------- |
|
(I)Role of Audit Committee |
49 II(D) |
Yes |
----------- |
|
(J)Review of Information by Audit Committee |
49 (IIE) |
Yes |
----------- |
|
III. Subsidiary
Companies |
49 (III) |
NA |
|
|
V. Disclosures |
49 (IV) |
|
|
|
(A)Basis of related party transactions |
49 (IV A) |
Yes |
----------- |
|
(B)Board Disclosures |
49 (IV B) |
Yes |
----------- |
|
(C)Proceeds from public issues, rights issues, preferential
issues etc. |
49 (IV C) |
NA |
----------- |
|
(D)Remuneration of Directors |
49 (IV D) |
Yes |
----------- |
|
(E)Management |
49 (IV E) |
Yes |
----------- |
|
(F)Shareholders |
49 (IV F) |
Yes |
----------- |
|
V.CEO/CFO Certification |
49 (V) |
Yes |
----------- |
|
VI. Report on Corporate
Governance |
49 (VI) |
Yes |
----------- |
|
VII. Compliance |
49 (VII) |
Yes |
----------- |
Thanking you,
Yours truly,
For Sri
Nachammai Cotton Mills Ltd.,
R.Thamil
Selvi,
Compliance Officer.