Examples of SR Committee in a sentence
All exemptions and waivers and the reasons for them, must be recorded in a register and reported annually to the S&R Committee.
The SR Committee is primarily responsible to review all matters connected with the Company’s transfer of securities and redressal of shareholders’ / investors’ / security holders’ complaints.
Terms of ReferenceThe SR Committee is primarily responsible to review all matters connected with the Company’s transfer of securities and redressal of shareholders’ / investors’ / security holders’ complaints like transfer of shares, non-receipt of dividends, non-receipt of annual report etc.
In terms of Section 178 (5) of the Companies Act, 2013 (“the Act”) the Board of Directors of the Company which has more than one thousand shareholders, debenture holders, deposit holders and any other security holders at any time during the financial year is required to constitute a SR Committee consisting of a Chairperson who will be a non-executive director and such other members as may be decided by the Board to consider and resolve the grievances of security holders of the Company.
The AR / SR Committee will not be bound to award the contract to the lowest or to any other tenderer.19.
Within fifteen (15) days of receipt of the Form of Agreement, the successful tenderer shall furnish the performance security (10%of the contract price) and sign the contract in the presence of the AR / SR Committee.
The S&R Committee had also commissioned an annual report analysing authority-wide performance against the CRE Standard and setting objectives for future action.
The terms of reference of the SR Committee inter-alia includes the following:✓ consider and resolve the grievances of shareholders of the Company;✓ the grievances include complaints related to transfer of shares and non-receipt of Annual Report.
The AR / SR Committee shall have the right of rejecting all or any of the tenders without assigning any reason thereof.
The SR Committee is primarily responsible to review all matters connected with the Company’s transfer of securities and redressal of shareholders’ / investors’/ security holders’ complaints.