Investor Information

Corporate Governance is the legitimate and fundamental article of faith of all our action in INDIA HOME LOANS LIMITED. It has been guiding force in our quest for instituting within our edifice, systems and process that promote the values of transparency, professionalism and accountability and compliance.

The Company remains firmly committed to this central theme and endeavors to improve these values on an ongoing basis.

COMPOSITION OF BOARD 

SR. NO. CATEGORY NAME OF DIRECTOR DESIGNATION
1 Promoter Director Mr. Mahesh Pujara Chairman cum
Managing Director
2 Promoter Director Mr. Rishabh Siroya Director
3 Promoter Director Mr. Ashok Patel Director
4 Promoter Director Mr. Anant Bhlotia Director
5 Promoter Director Mr. Subhas Patel Director
6 Promoter Director Mr. Mitesh Pujara Director
7 Independent Director Mr. Ramesh Mishra Director
8 Independent Director Mr. Bharat Merchant Director
9 Independent Director Mr. Darshan Roy Director

 

12.05.2008 09.06.2008 31.07.2008 21.08.2008
05.01.2009 30.01.2009

Details of Board of Directors Meeting Held during the Financial Year 2008-2009

Sr. No. Date Board Strength No. of Directors Present
1 12.05.2008 9 9
2 09.06.2008 7 4
3 31.07.2008 9 5
4 21.08.2008 9 6
5 05.01.2009 9 7
6 30.01.2009 9 5

COMMITTEES OF THE BOARD

The Company has three committees viz: 1. Audit Committee, 2. Remuneration Committee ans 3. Shareholders/Investors Grievance Committee. The decisions relationg to the constitution of committees, appointment of membersand fixing of terms of service for committee members are taken by the Board of Directors. Composition of the said committees, numberof meetings held and attendance during the financial year is as follows:

1) Audit Committee :

The Audit Committee evaluate internal audit policies, plans, procedures, performance and reviews the other functions through various internal audit reports and other year-end certificates issued by the statutory auditors. Quarterly and the Audit Committee will review annual Accounts, prior to their presentation to the Board along with their recommendations of the Audit Committee. Besides, Audit Committee will be authorized to exercise all such powers as required under Clause 49 of the Listing Agreement.

The present Audit Committee comprises of the following members

Name of Directors Status in Committee Nature of Directorship
Mr. Ramesh Chandra Mishra Chairman Non-Executive & Independent
Mr. Mahesh Pujara Director Managing Director
Mr. Subhas Patel Director Director
Mr. Ravi Kulkarni CFO CFO

1) Remuneration Committee :

The objective of Remuneration Cimmittee is to assess remuneration payable to our Managing Director/ Whole Time Directors; sitting fee payable to our Non Executive Directors; remuneration policy coveringpolicies on remuneration payable to our senior executives.

The Present Remuneration Committee consists of:

Name of Directors Status in Committee Nature of Directorship
Mr. Bharat Merchant Chairman Non-Executive & Independent
Mr. Rishabh Siroya Director Director
Mr. Ramesh Chandra Mishra Director Non-Executive & Independent

(A) Remuneration to Non-executive Directors

The Non-executive Director are paid sitting fees of Rs. 2,500/- for each Board/committee meeting attended.

SHARE HOLDERS / INVESTOR’S GRIEVANCE COMMITTEE

Name of Directors Status in Committee Nature of Directorship
Mr. Ramesh Chandra Mishra Chairman Non-Executive & Independent
Mr. Anant Bhalotia Director Director
Mr. Rishabh Siroya Director Director
Mr. Ravi Kulkarni CFO General Manager

Brief description of Term Reference

(The committee looks into redressing of shareholders/ investor complains, issue of Duplicate share certificate. During the year under review no complaints were receive form shareholders/ investors. No meeting of this committee were held during the year under review.)

Compliance Officer

Miss Asmita Kadge is the Compliance Officer of the company.

SHARE TRANSFER COMMITTEE

The Board has delegated the powers to a committee consisting of Mr. Ramesh Chandra Mishra and Mr. Anant Bhalotia to approve transfer/ transmission of shares and attend to all other matters related thereto. Mr. Mahesh Pujara is the Chairman of the committee.

The committee generally meets twice in a month. As on 31.03.2009, there were no pending share transfers and complaints pertaining thereto.

Name of Directors Status in Committee Nature of Directorship
Mr. Mahesh Pujara Chairman Managing Director
Mr. Anant Bhalotia Director Director
Mr. Ramesh Mishra Director Non-Executive & Independent

LOAN & INVESTMENT COMMITTEE

The Committee generally sanctions the loan for Housing / Up-gradation of houses from time to time.
The Present Committee consists of:-

Name of Directors Status in Committee Nature of Directorship
Mr. Mahesh Pujara Chairman Managing Director
Mr. Mitesh Pujara Director Director
Mr. Rishabh Siroya Director Director
Mr. Saurabh Patel Director Director