Atul Ltd 2010-11

3.1.2 Composition The Committee comprises of four Members. All the Members are Non-executive and Independent Directors. The Members have relevant experience in financial matters. Number Name Designation 1 Dr S S Baijal Chairman 2 Mr G S Patel Member 3 Mr B S Mehta Member 4 Mr V S Rangan Member 3.1.3 Meetings and Attendance During the year eight meetings were held: Number Name Total Attended 1 Dr S S Baijal 8 6 2 Mr G S Patel 8 7 3 Mr B S Mehta 8 8 4 Mr V S Rangan* 4 4 * Appointed w.e.f. August 12, 2010 The Statutory Auditors, the Cost Auditors, the Chairman & Managing Director, the President Finance & Company Secretary, Heads of Finance, Accounts, Costing and Internal Audit are permanent invitees to the meetings. The Board notes the minutes of the Audit Committee meetings. 3.2 Share Transfer and Shareholders’ | Investors’ Grievance Committee 3.2.1 Role i) Redressing complaints of the Shareholders and the Investors like transfer of shares (physical and demat), non-receipt of balance sheet, non-receipt of declared dividends, etc ii) Any other related matter which the Committee may deem fit in the circumstances of the case including the following: Transfer shares Transmission of shares Delete names from share certificates Change names of the Members on share certificates Issue duplicate share certificates Consolidate share certificates Transpose names Dematerialize shares Inter depository transfer Rematerialize shares Split-up shares Replace shares Delete guardian 36 | 37