एम एम टी सी लिमिटेडएम एम टी सी लिमिटेड

आईएसटी :04:40:43

टेक्स्ट का आकार
In English
साइट का नक्‍शा

बोर्ड, काउंसिल्स0, कमेटीज तथा अन्य संस्थारओं(बॉडीज) के विवरण

Statement of the boards, councils, committees and other bodies

A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public.

The statement of Board of Directors and its various Committees is as follows:

Board of Directors

The Board of MMTC has a mix of Executive & non-executive Directors. The present Board (as on 1.3.2020) comprises of CMD, 4 whole time functional Directors, two part time Govt. nominee Directors from the Department of Commerce, Ministry of Commerce & Industry, Govt. of India and two independent directors. The President of India appoints all the Directors of MMTC.

The Board is responsible for the proper direction, control, superintendence and management of the Company. The meetings of the Board are usually held at the registered office of the company and are scheduled well in advance. The Board of MMTC meets regularly at least once in a quarter. The meetings of Board are governed by a structured agenda for discussion. Detailed agenda papers including other explanatory notes are circulated in advance on all major issues to enable the Board to take informed and independent decisions.

To facilitate expeditious considerations and decisions/directions with focused attention on the affairs of the company, the Board has constituted following committees with distinct role, responsibility and authority:

Reconstitution of Sub-Committees of the Board w.e.f 31.01.2020 as approved by the Board of Directors in it’s 453^rd Meeting held on 31.01.2020

Sl. No.	Name of the Committees of the Board	Brief role of the Committee	Present Members/ Chairman
1.	Audit Committee	To oversee the audit function, review critical findings, ensure compliance with the accounting standards as per Companies Act 2013.	Shri Manjunath G. - Chairperson & Ind. Director AS & FA - Govt. Nominee Director Dr(Mrs) Swadhinta Krishna - Ind. Director
2.	Committee of Directors on Subsidiary, Joint Ventures & Associate Companies	To consider and recommend approval of investments/disinvestments, approval of agreement and any changes therein to the Board of Directors, advice on strategic issues related to MMTC’s investment and the performance of projects/ JVs/Associate companies/ Subsidiaries .	CMD - Chairman Dr(Mrs) Swadhinta Kirshna – Ind.Director Shri A Sondhi – Dir(Mktg.) Shri J Ravi Shanker – Dir(Mktg.)
3.	Nomination & Remuneration Committee	Committee shall identify the persons who are qualified to become directors and who may be appointed in senior management, recommend to the board their appointment and removal and shall carry out evaluation of every director’s performance.	Dr(Mrs) Swadhinta Kirshna – Ind.Director & Chairperson Shri Manjunath G. – Ind.Director AS&FA & Govt Nominee Dir.
4.	Stakeholders Relationship Committee	Committee shall expeditiously consider and monitor the grievances of the shareholders/other investors.	Dr(Mrs) Swadhinta Kirshna – Ind.Director - Chairperson CMD Director(Finance)
5.	Committee of Directors on CSR & Sustainability	To oversee the implementation and monitoring of CSR and Sustainability activities in accordance with the applicable provisions.	Shri Manjunath G. – Ind.Director & Chairman CMD Director(Finance) Director(P)
6.	Committee of Directors on Personnel Policies	To consider and recommend approval of modifications/formulation of service rules and other personnel policies to the Board	Dr(Mrs) Swadhinta Kirshna – Ind.Director &Chairperson Shri Manjunath G. – Ind.Director Shri A Sondhi, Dir(Mktg.)
7.	Committee of Directors for Monitoring Legal / Arbitration Cases & Recovery of Outstanding Dues	The Committee shall review and monitor all the dues outstanding to MMTC including all civil / criminal suits filed by MMTC or against MMTC.	CMD All Functional Directors Shri Manjunath G. – Ind.Director
8.	Share Transfer Committee	It shall expeditiously considers & approves requests for physical share transfers, rematerialisation & dematerialization	CMD All Functional Directors
9.	Risk Management Committee	Recommend to the Board and maintain a sound system of risk oversight, management & internal control. The Committee identifies, assesses, manages & monitors risk.	CMD All Functional Director Shri Manjunath G.- Ind.Director

The meetings of the Board and its Committees are not open to the public.

The minutes of meetings of the Board of Directors and its Committees are not accessible for public since these are related to strategies, policies and business decisions, the information of which is not to be published as per the exemption granted under Sec 8(d) of the Right to Information Act, 2005.