Board Committees

Towards implementation and continuation of sound code of corporate governance practices, committees are operating within Nihar Info Global Limited for specific purposes. As of March 31st, 2017 your Company had four Board Committees. These are:

1. Audit Committee

The audit committee of our Company (the “Audit Committee”) comprises of three members, of which two-third are Independent Directors. The chairman of the Audit Committee is an Independent Director. All the members of the Audit Committee are financially literate and at least one member has accounting or related financial management expertise. Mr. Jagadeeswara Rao Reddi is the Chairman of the Audit Committee

The terms of reference of the Audit Committee are as follows:

  • Internal audit control systems
  • Scope of audit
  • Review of financial statements
  • Compliance with internal audit control systems

The Audit Committee of the Company is constituted in line with the terms of reference are in compliance with provisions of Section 177 of the Companies Act, 2013 and Regulation 18 of Listing Regulations. Member of the Audit Committee possess requisite qualifications.

2. Stakeholder Relationship Committee

Mr. Jagadeeswara Rao Reddi is the Chairman of Stakeholder Relationship Committee. The Committee’s composition and terms of reference are in compliance with provisions of the Companies Act, 2013 and Regulation 20 the Listing Regulations.

i) Redressal of shareholders’/investors’ complaints, namely:

  • Transfer of shares
  • Non-receipt of balance sheets
  • Non-receipt of declared dividends
  • Other related matters

ii) All such functions required under the requirements of Companies Act, 2013, corporate governance and the Equity Listing Agreements.

3. Nomination and Remuneration and Compensation Committee

The Committee’s Composition and terms of reference are in compliance with provisions of the Companies Act, 2013, Regulation 19 of Listing Regulation and Securities and Exchange Board of India (Share Based Employee Benefits) Regulation, 2014, as amended from time to time. Mr. J. Sundara Sekhar is the Chairman of Nomination and Remuneration Committee

The terms of reference of the Nomination and Remuneration and Compensation Committee are as follows:

  • To determine the policy on specific remuneration packages for Executive/Whole-time Directors including pension rights and any compensation payments.
  • Recommends to the Board the remuneration of the Executive Directors in all its forms (i.e. Salary, contribution to provident fund, superannuation fund, gratuity, bonus, stock option , compensation for loss of office, other amenities, perquisites etc.).
  • Takes into account the financial position of the company, profitability, trend in the industry, appointee’s qualification, experience, past performance, past remuneration, etc. and brings out objectivity in determining the remuneration packages, while striking a balance between company’s interest and that of the shareholders.

All such other acts, deeds and things as are required to be performed by the said committee from time to time as per the provisions of Companies Act, 2013 and rules specified thereunder.

4. Anti-Sextual Harassment Committee

The Company ensures compliance of employment, immigration and labour laws in countries of operation. Changes in the applicable regulations are tracked on a global basis. The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules there under for prevention and redressal of complaints of sexual harassment at workplace.

Disclosure under the Sexual Harassment of Wo men at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company has in place an Anti Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment.

All employees (permanent, contractual, temporary, trainees) are covered under this policy.