Terms And condition Of Appointment Of Independent Director

  • Hairshchandra B. Naukudkar
  • Rajesh U Deshpande
  • Payal Raju Savla
harishchandra

Hairshchandra B. Naukudkar

Term of Appointment:  From: 12.08.2016  To: 11.08.2021

Name of Committee:  N.A.

Role And Function:  To bring an independent judgment to bear on the Board’s deliberations especially on issues of strategy, performance, risk management, resources, key appointments and standards of conduct including Board best practice, in functioning of the Board and the Committees of the Board;

To moderate and arbitrate in the interest of the company as a whole, in situations of conflict between management and shareholder’s interest.

Duties:  To follow the duties as specified in the applicable laws, the Company’s policies, SEBI (LODR) Regulations, 2015 and the Articles of Association, the Companies Act,2013;

To follow the “Code for Independent Directors” as specified under Schedule IV of the Companies Act, 2013;

To promptly inform the Company about changes, if any, in disclosure of interest and declarations furnished by you to the Company

To apply the highest standards of confidentiality,and not disclose to any person or company, any confidential information concerning the Company and any Group Companies with which you come into contact by virtue of your position as a Director, except as permitted by law or with prior clearance from the Chairman.

Fees:  As decided by the Board / Nomination and Remuneration Committee time to time

General :  The Independent Directors appointment, remuneration, professional conduct, role, functions and duties shall be governed by the Companies Act , 2013 and the Rules made thereunder , as amended from time to time.

Rajesh

Rajesh U Deshpande

Term of Appointment:  From: 01.04.2014  To: 31.03.2019

Name of Committee:  Audit Committee, Nomination and Remuneration Committee & Stakeholders Relationship Committee.

Role And Function:  To bring an independent judgment to bear on the Board’s deliberations especially on issues of strategy, performance, risk management, resources, key appointments and standards of conduct including Board best practice, in functioning of the Board and the Committees of the Board;

To moderate and arbitrate in the interest of the company as a whole, in situations of conflict between management and shareholder’s interest.

Duties:  To follow the duties as specified in the applicable laws, the Company’s policies and the Articles of Association, the Companies Act,2013;

To follow the “Code for Independent Directors” as specified under Schedule IV of the Companies Act, 2013;

To promptly inform the Company about changes, if any, in disclosure of interest and declarations furnished by you to the Company

To apply the highest standards of confidentiality,and not disclose to any person or company, any confidential information concerning the Company and any Group Companies with which you come into contact by virtue of your position as a Director, except as permitted by law or with prior clearance from the Chairman.

Fees:  As decided by the Board / Nomination and Remuneration Committee time to time

General :  The Independent Directors appointment, remuneration, professional conduct, role, functions and duties shall be governed by the Companies Act , 2013 and the Rules made thereunder , as amended from time to time.

Payel

Payal Raju Savla

Term of Appointment:  From: 10.11.2014  To: 09.11.2019

Name of Committee:  Audit Committee & Nomination and Remuneration Committee

Role And Function:  To bring an independent judgment to bear on the Board’s deliberations especially on issues of strategy, performance, risk management, resources, key appointments and standards of conduct including Board best practice, in functioning of the Board and the Committees of the Board;

To moderate and arbitrate in the interest of the company as a whole, in situations of conflict between management and shareholder’s interest.

Duties:  To follow the duties as specified in the applicable laws, the Company’s policies and the Articles of Association, the Companies Act,2013;

To follow the “Code for Independent Directors” as specified under Schedule IV of the Companies Act, 2013;

To promptly inform the Company about changes, if any, in disclosure of interest and declarations furnished by you to the Company

To apply the highest standards of confidentiality,and not disclose to any person or company, any confidential information concerning the Company and any Group Companies with which you come into contact by virtue of your position as a Director, except as permitted by law or with prior clearance from the Chairman.

Fees:  As decided by the Board / Nomination and Remuneration Committee time to time

General :  The Independent Directors appointment, remuneration, professional conduct, role, functions and duties shall be governed by the Companies Act , 2013 and the Rules made thereunder , as amended from time to time.

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