Notice Statutory Reports Company Overview Financial Statements 27 Rudolf Atul Chemicals Ltd | Annual Report 2018-19 the debenture holders, the Members (in case of non-payment of declared dividends) and creditors j) the Financial Statements, in particular, investments made by unlisted subsidiary companies k) following information mandatorily: - appointment, removal and terms of remuneration of the Chief Internal Auditor - Internal Audit Reports relating to weaknesses in the internal control systems - Management Discussion and Analysis of financial condition and results of operations - management letters | letters of internal control weaknesses issued by the Statutory Auditors - statement of related party transactions submitted by the Management l) w ith the Management the statement of uses | applications of funds raised throughan issue (public issue, rights issue, preferential issue, etc), the statement of funds utilised for the purposes other than those stated v) Others a) Determining procedures for risk assessment and minimisation, and reviewing them periodically to ensure that the Executive Management controls risks through means of a properly defined framework b) Evaluating internal financial controls and risk management system c) Remuneration and terms of appointment of the Auditors and approval for payment for any other services d) Scrutinising inter corporate loans and investments e) Carrying out any other function as mentioned in the terms of reference of the Audit Committee 3.1.2 Composition The Committee comprises following Members, all having relevant experience in financial matters: No. Name Designation 1. Sudhir Merchant Chairman 2. Sujal Shah Member 3. Gopi Kannan Thirukonda Member 3.1.3 Meetings and attendance During 2018-19, four meetings were held. No. Name Total Attended 1. Sudhir Merchant 4 4 2. Sujal Shah 4 4 3. Gopi Kannan Thirukonda 4 4
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