Annual Rep. 2008-09.pmd - The New India Assurance Co. Ltd.
Annual Rep. 2008-09.pmd - The New India Assurance Co. Ltd.
Annual Rep. 2008-09.pmd - The New India Assurance Co. Ltd.
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efo v³et Fefv[³ee SM³eesjvme kebÀ. efue.<strong>The</strong> <strong>New</strong> <strong>India</strong> <strong>Assurance</strong> <strong>Co</strong>. <strong>Ltd</strong>.Estbd. 1919Directors’ <strong>Rep</strong>ortDuring the financial year <strong>2008</strong>-09, the <strong>Co</strong>mmittee held four meetings. <strong>The</strong> attendance of Membersduring the meetings is given below :Name of the Member 06.06.<strong>2008</strong> 29.12.<strong>2008</strong> 09.02.2009 24.03.2009Mr. Tarun Bajaj Mr. T. S. Narayanasami Ceased to be a DirectorMr. M. Razzack Mr. N.S.R. Chandra Prasad Mr. M.D. Mallya - - Leave of Absence(iii) Investment <strong>Co</strong>mmittee<strong>Co</strong>nsequent on the appointment of Mr. M.D. Mallya as Director in place of Mr .T. S. Narayansami,the Investment <strong>Co</strong>mmittee was reconstituted with Mr. M.D. Mallya as a Member at the BoardMeeting held on 29 th December <strong>2008</strong>.During the financial year <strong>2008</strong>-09, the <strong>Co</strong>mmittee held six meetings. <strong>The</strong> attendance of Membersduring the meetings is given below:Name of the MemberAttendance during Meetings06.06.<strong>2008</strong> 09.08.<strong>2008</strong> 14.10.<strong>2008</strong> 19.11.<strong>2008</strong> 09.02.2009 24.03.2009Mr. B. Chakrabarti Mr. Tarun Bajaj Leave of Leave of Absence AbsenceMr. T.S.Narayanasami Leave of Leave ofAbsence AbsenceCeased to be a DirectorMr. Sanjay Gupta Mr. M.D. Mallya - - - - Leave of AbsenceMr. A R Sekar Mr. A R Prabhu (iv)Remuneration <strong>Co</strong>mmitteeRemuneration <strong>Co</strong>mmittee of the <strong>Co</strong>mpany is constituted in compliance with the Governmentdirectives. <strong>Co</strong>nsequent on the appointment of Mr. M.D. Mallya as Director in place of Mr.T.S.Narayansami, the Remuneration <strong>Co</strong>mmittee was reconstituted with Mr. M.D. Mallya as a Memberat the Board Meeting held on 29 th December <strong>2008</strong>. <strong>The</strong> other Members of the <strong>Co</strong>mmittee areDirectors Mr. Tarun Bajaj and Mr. M. Razzack. A Meeting of the <strong>Co</strong>mmittee was held on 11.04.<strong>2008</strong>during the financial year <strong>2008</strong>-09.XXVIII. PARTICULARS OF EMPLOYEES U/S 217(2A) OF THE COMPANY ACT, 1956<strong>The</strong> particulars of employees drawing remuneration of Rs. 24 lacs and above for the year ended 31stMarch 2009 as required under Section 217 (2A) read with the <strong>Co</strong>mpanies (Particulars of Employees)Rules, 1975 are enclosed as per Annexure III to the Directors’ <strong>Rep</strong>ort.30
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