CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
INCORPORATIONOFCOMPANYANDMATTERSINCIDENTALTHERETO
AOAtobe AOAtobe
TheArticlesoftheCompanyshallbeinrespectiveforms amendedand amendedand
Todoadetailedstudyon
5(6) specifiedinTableF(ScheduleI),asmaybeapplicableonthe mattertobe mattertobe
existingAOAvisvisTableF
Company placedinnextBM placedinnextBM
andAGM andAGM
EveryCompanyshallpaintoraffixthenameandaddressof
registeredofficeandkeepthesamepainted/affixed,outside Tobecomplied Tobecomplied
12(3)(a)
everyofficeorplaceinwhichitsbusinessiscarriedon,in with with
conspicuouspositionandlegibleletters.

EveryCompanyshallgetitsname,addressofregisteredoffice,
CIN,telephone/faxno.(ifany)andemail/websiteaddress(if Beingcomplied Beingcomplied
12(3)(c)
any)printedonallbusinessletters,billheads,letterpapers, with with
Noticesandotherofficialpublications
Tobecomplied Tobecomplied
14(1) AlterationofAOAtobedonethroughaSpecialResolution.
with with
Tobecomplied Tobecomplied
EveryalterationofArticlesshallbefiledwithRegistrarwithin
14(2) withpostAOA withpostAOA
15daysofalteration,togetherwithcopyofalteredArticles
amendment amendment
Tobecomplied Tobecomplied
EveryalterationmadeinMOAandAOAshallbenotedinevery
15(1) withpostAOA withpostAOA
copythereof
amendment amendment
MANAGEMENTANDADMINISTRATION
EveryCompanytokeepandmaintainfollowingRegistersinthe
specifiedformat:
RegisterofMembers
88(1)
RegisterofDebentureholders
RegisterofotherSecurityHolders
IndexoftheRegisters

Page1of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Timelineforcomplianceis6
RegisterofMembersfromthedateofregistrationshallbein Tobedoneby Tobecomplied
88 3 monthsfromdateof 30Sep14
FormNo.MGT1 NSDL/CDSL with
commencementofrules
RegisterofDebentureholdersorSecurityHoldershallbein Notransitiontimeline Tobedoneby
88 4 NotApplicable
FormNo.MGT2 mentioned NSDL
Tobecomplied Tobecomplied
88 5 EntryintheRegistertobedonewithin7daysofapproval
with with
AllentriesinRegisterofMembers/DebentureHolderstobe
Tobecomplied
88 8 authenticatedbyCSandDateofBoardResolutionauthorizing NotApplicable
with
thesametobementioned
ClosureofRegisterofMembersbygivingnotlessthan7days Tobecomplied
91 10 NotApplicable
NoticeinEnglishandHindilanguagesinrespectivenewspapers with
AnnualReturntobepreparedinFormNo.MGT7tobefiled Tobecomplied Tobecomplied
92 11
withROCwithin60daysofAGM with with
CertificatefromPCSinFormMGT8tobefiledwithAnnual Tobecomplied Tobecomplied
92 11(1)
Return with with
ExtractofAnnualReturninFormMGT9tobeannexedtothe Noactionrequired Noactionrequired
92 12 ApplicablefromFY1415
BoardReport forthisAGM forthisAGM

FormMGT10tobefiledwithROCwithin15daysofany
Tobecomplied
93 13 change(increase/decrease)for2%ormore,inshareholding NotApplicable
with
position(value/volume)ofpromotersandtoptenshareholders
AGMtobecalledduringbusinesshours(9AMto6PM)except
Tobecomplied Tobecomplied
96(2) NationalHoliday,inthesamecitywheretheRegisteredOffice
with with
issituated
Generalmeetingcanbeconvenedbyprovidingclear21days DetailedChecklisttobe Tobecomplied Tobecomplied
101(1)
notice,eitherinwritingorinelectronicmode prepared with with
Meetingcanbeconvenedonashorternoticewith95%
101(1)P1 Noactionrequired Noactionrequired
consent

Page2of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Noticeshallbegiventoeverymember,legalrepresentatives, Tobecomplied Tobecomplied
101(3)
auditorsanddirectorsoftheCompany with with
ExplanatoryStatementannexedtoNoticeforspecialbusiness
Tobecomplied Tobecomplied
102 shallproviderequisitedisclosuresw.r.t.todirectors,KMP,their
with with
relativesandpromoters(onlyforshareholding)
Quorumisbasedonthenumberofthemembersofthe
103 Quorum30 Quorum5
Company
Proxyshallhavenorighttospeakorvoteexceptonpolland
onepersonnottobeproxyformembersexceeding50in Tobecomplied
105 19 TobeconfirmedforAGM NotApplicable
numbersorholdingnotmorethan10%ofshareholdingofthe with
Company
Tobecomplied Tobecomplied
105 19 ProxyFormshallbeinFormMGT11
with with
Evoting
Agreementwith
Evotingfacilityatgeneralmeetingismandatoryforevery NSDL/CDSLtobe
DetailedChecklisttobe
108 20 listedcompanyandcompanieshavingshareholders1000or closed. NotApplicable
prepared
more. Other
requirementsto
becompliedwith

Section180and
DetailedChecklisttobe
110 22 SpecifieditemstobetransactedthroughPostalBallot. 186needspostal NotApplicable
prepared
ballotapproval

Page3of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Copyofeveryresolution(withexplanatorystatement,ifany)
orAgreementforthespecifiedmatterstobefiledwithROCin
FormMGT14within30days
DetailedChecklistpertaining
ArticleofCompanyshallhavecopyofresolutioneffecting Tobecomplied Tobecomplied
117 24 todetailsofresolutionsto
amendmentinAOAandAgreementsreferredinSection117(3) with with
beprepared
oftheAct
Section117(3)interaliaincludesresolutionpassedunder
Section179(3)PoweroftheBoard

Minutesofeverygeneralmeeting,Creditors,Board,
Committeeandpostalballotshallbepreparedandkeptwithin
Tobecomplied Tobecomplied
118 30daysofconclusionofeverymeetingconcerned.
with with
Allappointmentsinthemeetingshallbeincludedinthe
minutes.

EveryCompanyshallobserveSecretarialStandardsw.r.t. Tobecomplied Tobecomplied

ExistingSSnotapprovedby
118(10) GeneralandBoardMeetings,issuedbyICSIandapprovedby with,upon with,upon
CG
CG approvalfromCG approvalfromCG

MinutesofeachmeetingshallbeenteredintoMinutesBook
alongwithdateofsuchentry,within30daysofconclusionof
Dateofentryofminutesto
25(1)(a)& meeting. Tobecomplied Tobecomplied
118 beadditionallynotedin
(d) Specificrequirementsfornotingofpostalballotresolutions. with with
minutes
Everypagetobeinitialed/signedwithlastpagetobesigned
anddated.

Page4of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
MinutesofGeneral&BoardMeetingsshallbekeptat
Resolutiontobe Resolutiontobe
25(1)(e)& RegisteredOfficeandkeptincustodyofCS.
118 May14 passedforkeeping passedforkeeping
(f) Minutescanbekeptatsuchotherplaceasmaybeapproved
minutesatHO minutesatHO
bytheBoardofDirectors
DetailedChecklistfor
Everylistedcompanyandcompanyhavingnotlessthan1000
27,28and maintenanceandinspection Tobecomplied
120 shareholder/debentureholder/securityholder,shallmaintain 30Sep14 NotApplicable
29 ofdocumentsinelectronic with
itsrecordsinelectronicform
formtobeprepared

EverylistedpubliccompanytoprepareareportoneachAGM
intheprescribedformatandfilethesamewithROCinForm
FormMGT15notavailable Tobecomplied
121 31 MGT15within30daysofconclusionofAGM NotApplicable
inRules with
Reportshallincludespecificmattersandshallbesignedand
datedbyChairmanandCS
APPOINTMENTANDQUALIFICATIONOFDIRECTORS

Followingclassofcompaniesshallhavewomandirector:
everylistedcompany;
OtherpubliccompanyhavingpaidupsharecapitalofRs.100 AlreadyComplied
149(1)P2 3 NotApplicable
Croreormore; with
OtherpubliccompanyhavingturnoverofRs.300Croreor
more
Everycompanyshallhaveatleast1directorresidentofIndia
AlreadyComplied AlreadyComplied
149(3) foratotalperiodofnotlessthan182daysinpreviouscalendar
with with
year
Everylistedcompanyshallhaveatleastonethirdoftotal AlreadyComplied
149(4) NotApplicable
numberofdirectorsasindependentdirector with

Page5of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Followingclassofpubliccompaniesshallhaveatleast2
IndependentDirectors:
PubliccompanyhavingpaidupsharecapitalofRs.10Croreor Timelineforcomplianceis1
Tobecomplied
149(4) 4 more; yearfromdateof 31Mar15 NotApplicable
with
PubliccompanyhavingturnoverofRs.100Croreormore; notificationofrules
Publiccompanyhavingaggregateoutstandingloan,
debenturesanddepositsexceedingRs.50Crore.

Page6of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies

Everyindependentdirectorshallgiveadeclarationthathe
Tobetakenfor Tobecomplied
meetsthecriteriaofindependenceasunder:
Independent withatthetimeof
atthefirstmeetinginwhichheparticipatesasadirector
149(7) Directorsand appointmentof
atthefirstmeetingoftheBoardineachfinancialyear
placedinthenext Independent
wheneveranychangeincircumstanceswhichaffectshis
BoardMeeting Director
statusasindependentdirector

Tobecomplied
withatthetimeof
CompanyandIndependentDirectorshallabidebyScheduleIV Tobecomplied
149(8) appointmentof
(CodeforIndependentDirectors) with
Independent
Director
Tobecomplied
with
AnIndependentDirectorshallholdofficeforatermuptofive SurenderSingh
consecutiveyears. andSanjayKhosla
149(10), Shallbeeligibleforreappointmentonpassingofspecial Tobereadinconjunction canbere
NotApplicable
(11)&(13) resolutionanddisclosureofsuchappointmentinBoardReport withSEBICircular appointedforonly
Provisionspertainingtoretirementofdirectorsbyrotation onemoretermof
shallnotbeapplicabletoIndependentDirectors. 5yearsin
forthcoming2014
AGM
Tobecomplied
AppointmentofIndependentDirectorshallbeapprovedin withatthetimeof
Tobecomplied
150(2) GeneralMeetingandexplanatorystatementshallindicate appointmentof
with
justificationforchoosingsuchperson Independent
Director
NopersonshallbeappointedasDirectorunlesshehasbeen Beingcomplied Beingcomplied
152(3)
allottedaDIN with with

Page7of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
EverypersontobeappointedasDirectorshallprovidehis
Ongoing Ongoing
152(5) consentinFormDIR2andsuchconsentshallbefiledbythe
Compliances Compliances
CompanywithROCinFormDIR12within30days
Tobecomplied
ForappointmentofIndependentDirectoringeneralmeeting,
withatthetimeof
explanatorystatementtoNoticeshallincludeastatementthat Tobecomplied
152(5)P1 appointmentof
intheopinionofBoard,theindependentdirectorfulfillsthe with
Independent
conditionsofappointmentasspecifiedintheAct
Director

SubjecttoAOA,2/3ofthetotalnumberofdirectorsshallbe
rotationaldirectorsandbeappointedingeneralmeeting. Ongoing Ongoing
152(6)
IndependentDirectorsshallnotberotationaldirectors Compliances Compliances
1/3oftherotationaldirectorsshallretirefromoffice

153,154,
155,156, 9,10,11& DetailedChecklistforDINto Beingcomplied Beingcomplied
ProvisionsrelatedtoDIN
157,158& 12 beprepared with with
159
Anonretiringdirectorshallbeeligibleforappointmentas
director,providedamembernominateshimatleast14days Ongoing Ongoing
160 13
beforethemeetinganddepositsRs.1Lacs(refundableon Compliances Compliances
successfulappointment)
SubjecttoAOA,BoardmayappointAdditionalDirectorwho Ongoing Ongoing
161(1)
shallholdofficeuptothedateofnextAGM Compliances Compliances
SubjecttoAOA,BoardmayappointAlternateDirectorinplace
Ongoing Ongoing
161(2) ofadirectorwhoisnotinIndiaforaperiodnotlessthan3
Compliances Compliances
months
Ongoing Ongoing
161(3) SubjecttoAOA,Boardmayappointanomineedirector
Compliances Compliances

Page8of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Boardofpubliccompaniesmayappointadirectorincasual Ongoing Ongoing
161(4)
vacancyatitsmeeting,subjecttoregulationsofAOA Compliances Compliances
Disqualificationforappointmentofdirector
DetailedChecklistfor Totake Totake
DeclarationfromDirectoratthetimeofappointmentorre
164 14 compliancesunderthistobe declarationsfrom declarationsfrom
appointmentinFormDIR8
prepared theDirectors theDirectors
AnnualdisclosurefromDirectortobetaken
Nopersonshallbeadirectorinmorethan20companies Beingcomplied Beingcomplied
165
Maximumnumberofpubliccompaniescanbe10 with with
VacationofofficeofDirector,interalia
incursdisqualificationinsection164;
Ongoing Ongoing
167 absentsfromallmeetingsin12months,withorwithoutleave
Compliances Compliances
ofabsence;
breachofRPTdisclosure
DirectortointimatehisresignationtotheCompany,which
theCompanyshallfilewithROCinFormDIR12in30days
Companytoputresignationdetailsonitswebsiteandinits
Ongoing Ongoing
168 15&16 Directors'Report
Compliances Compliances
Directorisalsorequiredtosendhisresignationletterdirector
toROCwithin30daysinFormDIR11,alongwithreasonsof
resignation
EveryCompanytokeepatitsRegisteredOffice,aRegisterof Registerinnewformattobe
Tobecomplied Tobecomplied
170(1) 17 DirectorsandKMPintheprescribedformatcontaining maintainedw.e.f.April1,
with with
prescribedparticulars 2014
ReturnofDirectorsandKMPtobefiledwithROCinFormDIR Ongoing Ongoing
170(2) 18
12,within30daysofappointmentorchange Compliances Compliances
RegisterofDirectorandKMPtobeopenforinspectionfor TobeaddedinAGMcheck Ongoing Ongoing
171
membersatRegisteredOfficeandalsoatAGM list Compliances Compliances
MEETINGSOFBOARDANDITSPOWERS

Page9of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
MinimumnumberoffourBoardMeetingseveryyearwithnot Ongoing Ongoing
173(1)
morethan120daysgapbetweentwomeetings Compliances Compliances
DetailedChecklistforVC Ongoing Ongoing
173(2) 3 BoardMeetingthroughVideoConferencing
Meetingbeprepared Compliances Compliances
Atleast7days'NoticefortheBoardMeeting.Noticetobe Ongoing Ongoing
173(3)
deliveredbyhand/post/electronicmode Compliances Compliances
Meetingcanbeconvenedonashorternoticeforurgent
matters,withpresenceofatleastoneindependentdirector,if
173(3)P1& any Ongoing Ongoing
P2 Incaseofabsenceofindependentdirector,decisiontaken Compliances Compliances
shallbecirculatedtoallthedirectorsandshallbefinalonlyon
ratificationbyatleastoneindependentdirector,ifany
Quorumshallbeonethirdortwodirectors,whicheveris
higher Ongoing Ongoing
174(1)
DirectorsparticipatingthroughVCshallbecountedforthe Compliances Compliances
purposeofQuorum
Ifnumberofinteresteddirectorsexceed2/3oftotaldirectors,
Ongoing Ongoing
174(3) thedirectorspresentatthemeetingshallformquorum(not
Compliances Compliances
lessthan2)
ForpassingresolutionbyCirculation,thedraftresolutionto
becirculatedtoalldirectors/membersbyhand
delivery/post/courier/electronicmodeandapprovedby Ongoing Ongoing
175
majorityofdirectorsentitledtovote Compliances Compliances
ResolutiontobenotedinthesubsequentBoard/Committee
Meetingandmadepartoftheminutes

Page10of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
FollowingclassofcompaniesshallhaveAuditCommittee:
everylistedcompany;
allpubliccompanieshavingpaidupsharecapitalofRs.10
Croreormore; Beingcomplied Beingcomplied
177(1) 6
allpubliccompanieshavingturnoverofRs.100Croreor with with
more;
allpubliccompanieshavingoutstandingloan/debt/deposits
exceedingRs.50Crore

AuditCommitteeshallhaveminimumthreedirectorswith
independentdirectorformingmajority Beingcomplied Tobecomplied
177(2)&(3) 29Aug14
MajorityofAuditCommitteemembers,includingChairman, with with
shallhaveabilitytoreadandunderstandfinancialstatements

Termsof Termsof
CharterofAuditCommittee
ReferenceofAudit ReferenceofAudit
177(4) EveryAuditCommitteeshallhavespecifiedtermsofreference tobeamendedinlinewith
Committeetobe Committeetobe
Section
reviewed amended
CompositionofAuditCommitteetobedisclosedintheBoard
TobeincludedinDRforFY Tobecomplied Tobecomplied
177(8) ReportalongwithrecommendationofCommittee,not
13 with with
acceptedbyBoard,ifany
FollowingclassofcompaniesshallhaveVigilMechanismfor
directorsandemployees:
everylistedcompany; ToprepareaPolicyonVigil Tobecomplied
177(9) 7 NotApplicable
allpubliccompanieswhichacceptsdepositsfrompublic Mechanism with
allpublic/privatecompanieshavingborrowingfrombanks/FI
exceedingRs.50Crore

Page11of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
FollowingclassofcompaniesshallhaveNominationand
RemunerationCommittee: Termsof Termsof
everylistedcompany; Charterofexisting Referenceof Referenceof
allpubliccompanieshavingpaidupsharecapitalofRs.10 Remuneration/ existing existing
178(1) 6 Croreormore; CompensationCommittee Remuneration/ Remuneration/
allpubliccompanieshavingturnoverofRs.100Croreor tobeamendedinlinewith Compensation Compensation
more; Section Committeetobe Committeetobe
allpubliccompanieshavingoutstandingloan/debt/deposits amended amended
exceedingRs.50Crore
Charterofexisting
Remuneration/
CompensationCommittee
NominationandRemunerationCommitteeshallconsistsof tobeamendedinlinewith
threeormorenonexecutivedirectors,withnotlessthanone thisSection
178(1),(2), Tobecomplied Tobecomplied
halfshallbeindependent ToprepareaPolicyunder
(3)&(4) with with
Chairperson(ED/NED)oftheCompanymayjoinasmember Section178(3)andthe
butnotasChairmanoftheCommittee Policyshallbeapprovedby
theBoard
TobeincludedinDRforFY
2015

EveryCompanyhavingmorethan1000shareholders/security CharterofShareholder
holdersshallconstituteaStakeholderRelationshipCommittee, GrievanceCommitteetobe Tobecomplied
178(5) NotApplicable
withaNonExecutiveDirectorasChairmanandsuchother amendedinlinewith with
memberasdecidedbyBoard Section

Page12of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Detailedchecklistfor
poweroftheBoardtobe
prepared
Boardtoexercisecertainpowersbyaresolutionatitsmeeting Allresolutionsunderthis Tobecomplied Tobecomplied
179 8
only Sectionshallbefiledwith with with
ROCunderSection117,
within30daysofBoard
Meeting
Boardtoexercisefollowingpowersonlywithpriorapprovalof
shareholdersbySpecialResolution:
Sell,LeaseordisposeoffUndertakingorsubstantialthewhole
Resolutionfor
ofUndertaking; Ongoing
180 borrowingtobe
Toinvestotherwiseintrustsecurities; Compliances
reviewed
Toborrowmoneyinexcessofpaidupcapitalandfree
reserves;
Togivetimetodirectorforrepaymentofdebt
Everydirectorat:
FormMBP1(alongwithlist
Firstmeetinginwhichheparticipatesasdirector;
ofrelativesandconcernof
FirstmeetingofBoardineveryFY; Tobecomplied Tobecomplied
relativesintheCompanyas
Whenevertherechangeindisclosures withinthe withinthe
184(1) 9 perRPTdefinition)
forthcomingBM forthcomingBM
FormMBP1tobefiled
shalldiscloseinFormMBP1,hisconcernorinterestinany May21,2014 May16,2014
withROCwithin30daysof
company,bodycorporate,firmorotherassociationof
BoardMeeting
individuals(includingshareholdinginterest)

Page13of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Directorshalldisclosenatureofhisinterestorconcernwith:
a)bodycorporateinwhichdirectororinassociationwithother
directors,holdsmorethan2%shareholdingofthatbody
corporateORisapromoter,managerorCEOofthatbody
Ongoing Ongoing
184(2) corporate;
Compliances Compliances
b)firmorotherentityinwhichsuchdirectorisapartner,
ownerormember,asthecasemaybe

Directorshallnotparticipateinsuchmeeting

Section184shallnotapplytoanycontractorarrangement,
betweentwocompanies,whereanydirectorofonecompany Ongoing Ongoing
184(5)
togetherwithotherdirector,holdnotmorethan2%ofpaidup Compliances Compliances
sharecapitaloftheothercompany
Unlessspecificallyprovided,noCompanyshall,directlyor
indirectly,advanceanyloan/guaranteeorsecurityin Ongoing Ongoing
185(1)
connectionwithloan,toanydirectororanyotherpersonin Compliances Compliances
whichsuchdirectorisinterested

Page14of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies

"AnyotherpersoninwhichDirectorisinterested"shallinclude:
anydirectoroflendingcompanyorofacompanywhichisits
holdingcompanyoranypartner/relativeofsuchdirector;
anyfirminwhichsuchdirectororrelativeispartner;
anyprivatecompanyinwhichsuchdirectorisdirectoror
Ongoing Ongoing
185(1) member;
Compliances Compliances
bodycorporateatgeneralmeetingofwhich25%ormoreof
votingpowerisexercised/controlledbyoneormoredirectors;
bodycorporate,whoseBoardofDirectors,MDorManageris
accustomedtoactinaccordancewithdirectionsand
instructionsoftheBoardoranyDirectoroflendingcompany

Thisshallnotapplyto:
a)givingofloantoMD/WTDasapartofconditionofservices
extendedtoallemployeesORpursuanttoschemeapprovedby
Ongoing Ongoing
185(1)P1 membersasSpecialResolution
Compliances Compliances
b)acompanywhichinordinarycourseofbusinessprovides
loan/guarantee/securitywithROIbeingchargednotlessthan
bankratedeclaredbyRBI
TheSection185shallnotapplyto:
AnyloanmadebyholdingcompanytoitsWOSor
guarantee/securitybyholdingcompanytoanyloanmadeto
Noloanstobeprovidedto Ongoing Ongoing
185(1) 10 WOS
subsidiarycompanies Compliances Compliances
Anyguarantee/securitybyholdingcompanytoanyloanmade
byBank/FItosubsidiarycompany
Theloanshouldbeutilizedforprincipalbusinessactivity

Page15of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Companynottomakeinvestmentthroughmorethantwo
layersofinvestmentcompanies.
Exceptions:
Ongoing Ongoing
186(1) AcquiringcompaniesoutsideIndia,ifsuchcompanyhas
Compliances Compliances
investmentsubsidiariesbeyond2layersasperlocallaw
Requiredforthepurposeofmeetinganylawor
rules/regulationsframedthereunder

NoCompanyshalldirectly/indirectly:
giveanyloantoanypersonorotherbodycorporate;
Limitsunder
giveguarantee/securityinconnectionwithloantoany
section186tobe
person/bodycorporate;
reviewedand
acquirebywayofsubscription,purchaseorotherwise, Loantoindividualsorany Ongoing
186(2) SpecialResolution
securitiesofanybodycorporate otherpersonsnowincluded Compliances
tobepassedin
forthcomingAGM,
exceeding60%ofpaidupsharecapital,freereservesand
ifrequired
securitiespremiumaccountOR100%offreereservesand
securitiespremiumaccount,whicheverismore
Incaseofexceedingthelimits,priorapprovalofshareholders
byspecialresolutionshallberequired.
OneYeartransitionperiod Ongoing
186(3) 11&13 SpecialResolutionnotrequiredincaseof 31Mar15 Tobereviewed
givenforcompliance Compliances
loan/guarantee/securitytoWOSorJVORacquisitionby
holdingcompanyinWOS
TobecompliedwithforFY Ongoing Ongoing
186(4) 11&13 Disclosuretobemadeinfinancialstatements
201415 Compliances Compliances
Tocheckcompliancefor
UnanimousBoardapprovalatthemeetingisrequiredforall loantopersonsandpass
186(5) Tobereviewed Tobereviewed
investment/loan/guarantee/security BoardResolutioninthe
forthcomingBM,ifrequired

Page16of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
Noloanshallbegivenattheratelowerthanprescribedyield Ongoing Ongoing
186(7)
rate Compliances Compliances
EveryCompanytomaintainRegisterinmanual/electronic
forminFormMBP2fromthedateofincorporation,keptat
Registerinnewformattobe Tobecomplied Tobecomplied
186(9) 12 theRegisteredOffice
maintained with with
Entriestobemadechronologicalorder,within7daysofsuch
eventandauthenticatedbyCS
Section186shallnotapplyto:
Bankingcompany,insurancecompany,housingfinance
Ongoing Ongoing
186(11) company,businessfinancecompany,infrastructurecompanies;
Compliances Compliances
toanyacquisitionmadebyNBFCORinvestmentcompanyOR
RightIssue;

AllinvestmentsmadeorheldbyCompanyinanyproperty,
securityorotherassetsshallbemadeandheldinitsown
name. Ongoing
187(1) NotApplicable
ExceptionHoldingofsharesinsubsidiarycompaniesinthe Compliances
nameofanynomineeornomineesoftheCompany,toensure
numberofmembersarenotreducedbelowstatutorylimits

EveryCompanytomaintainRegisterinFormMBP3fromthe
dateofregistrationandkeptattheRegisteredOffice Registerinnewformattobe Tobecomplied
187(3) 14 NotApplicable
Entriestobemadechronologicalorder,alongwithnecessary maintained with
detailsandauthenticatedbyCS
Nocompanyshallenterintoanycontractorarrangementwith
anyRelatedPartywithoutpriorapprovaloftheBoardof
DetailedChecklistandPolicy
Directorsandshareholders. Tobecomplied Tobecomplied
188 15 forRelatedParty
Exception: with with
Transactionstobeprepared
OrdinaryCourseofBusiness;and
Arms'Length

Page17of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
EveryCompanyshallkeeponeormoreregistersinFormMBP
4containingtheparticularsofallcontractstowhichsection
184(2)and188applies.Afterenteringthedetails,theRegister
shallbeplacedbeforethenextBoardMeetingandsignedbyall
directorspresent Registerinnewformattobe Tobecomplied Tobecomplied
189(1) 16
Exception: maintained with with
Anycontractorarrangementforsale,purchaseorsupplyof
anygoods,materialorservicesnotexceedingRs.5Lacs
BankingCompanyforcollectionofbillsinordinarycourseof
business
EverydirectorandKMPshall,within30daysof
appointment/relinquishmentofoffice,shalldisclosetothe
DisclosureunderSection
CompanyparticularsspecifiedinSection184(1),whichshallbe
184(1)inFormMBP1tobe
enteredintotheRegister. Tobecomplied Tobecomplied
189(2) 16(1) givenbyDirectorsandKMP
ExceptionCompanies/BodyCorporatesinwhichdirector with with
within30daysof
himselfortogetherwithotherdirectorsholds2%orlessof
appointment/change
paidupsharecapitalshallnotberequiredtoenteredin
Register
RegistershallbekeptattheRegisteredOffice
Tobecomplied Tobecomplied
189 16 EntriesintheRegistershallbemadeatonceinchronological
with with
orderandshallbeauthenticatedbyCS
APPOINTMENTANDREMUNERATIONOFMANAGERIALPERSONNEL
Ongoing Ongoing
196(1) NoCompanyshallappointMDandManageratthesametime
Compliances Compliances

VKTandPRWTD
NoCompanyshallappoint/reappointMD,WTDorManager appointmenttobe Beingcomplied
196(2)
foratermexceeding5yearsatatime limitedto5years with
in2014AGM

Page18of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
MD,WTDorManagertoappointedandterms/remunerationto
beapprovedbytheBoardatitsmeeting,subjectto Ongoing Ongoing
196(4)
shareholder'sapprovalatnextgeneralmeetingandCG,if Compliances Compliances
applicable
Tobecomplied Tobecomplied
ReturnofappointmentofMD/WTD/Manager/CEO/CS/CFOto with with
196(4)P2 3
befiledwithROCinFormMR1within60daysofappointment Inconsonance Forappointment
withsection203 ofCFO
TotalManagerialRemunerationofapubliccompanynotto Ongoing Ongoing
197(1)
exceed11%ofnetprofits. Compliances Compliances
Thecapof11%canexceedsubjecttoshareholdersandCG Ongoing Ongoing
197(1)P1
approval Compliances Compliances
Exceptwithapprovalingeneralmeeting:
MRtooneMD/WTD/Managernottoexceed5%
Ongoing Ongoing
197(1)P2 MRtoallsuchMD/WTD/Managernottoexceed10%
Compliances Compliances
MRtoNEDnottoexceed1%(incasethereisMDetc.)and3%
(incasethereisnoMDetc.)
Ongoing Ongoing
197(2) MRnottoincludeSittingFees
Compliances Compliances
197(3)
Incaseofinadequate/noprofits,MRtobepaidinaccordance Ongoing Ongoing
&Schedule
withScheduleVandCGapproval,asthecasemaybe Compliances Compliances
V

SittingFeescanbepaidtoanyDirectorforattendingmeeting
ofBoardorCommitteethereoforforanyotherpurposeas
maybedecidedbytheBoard MD/WTDcanbepaidsitting Todecidethe Todecidethe
197(5) 4
SittingFeesshallnotexceedRs.1Lacpermeeting feesnow sittingfees sittingfees
SittingFeesforWomenDirectorandIndependentDirector
shallnotbelessthansittingfeesforotherdirectors

Page19of20
CompaniesAct,2013ActionChecklist

ImpactandActionRequired
Max.Time
SectionNo. Rules BriefProvisions Remarks Unlisted
Limit,ifany ListedCompanies
Companies
NoStockOptiontoIndependentDirectorandremuneration ToreviewESOP ToreviewESOP
197(7)
onlybysittingfees,commissionandreimbursement Scheme Scheme

EveryListedCompanytodisclosetheratioofremunerationof
Topreparechecklistof ApplicableforDR
197(12) 5 directorstomediansalaryofemployee NotApplicable
disclosures forFY201415
DisclosuresshallalsoincludeparticularsmentionedinRules

Toreviewthe Toreviewthe
Topreparechecklistof
201&SchV 6&7 CGapprovalforManagerialRemunerationinexcessoflimits Managerial Managerial
requirementsandprocess
Remuneration Remuneration
EveryListedCompanyandPublicCompanieshavingpaidup
sharecapitalofRs.10Croreormoreshallhavefollowingwhole
Toreview ToappointCFOin
timeKMP:
203(1) 8 appointmentof nextBoard
MDorCEOorManagerorintheirabsenceWTD;
CFOinBM Meeting
CS;
CFO
EveryKMPshallbeappointedbyBoardResolutioncontaining
Ongoing Ongoing
203(2) termsandconditionsoftheappointment,including
Compliances Compliances
remuneration
AnycasualvacancytobefilledinbytheBoardatitsmeeting, Ongoing Ongoing
203(4)
within6months Compliances Compliances
EveryListedCompanyandPublicCompanieshaving:
PaidupcapitalofRs.50Croreormore;
ApplicableforDRforFY ApplicableforDR
204 9 TurnoverofRs.250Croreormore NotApplicable
201415 forFY201415
shallhaveSecretarialReportfromPCSinFormMR3,annexed
toBoardReport.

Page20of20