Terms of Reference:
|Name of the Member
|Mr. K S Raju
|Dr N C B Nath
- To review the operations of the Company from time to time and also formulate and review corporate objectives and strategies including long range plans for expansion / diversification of the Company's activities.
- To formulate annual budgets / business plans for the Company.
- To approve capital expenditure other than proposals for expansion, diversification, modernization and de-bottlenecking, including investment in immovable property, above Rs. Five crores upto Rs. Ten Crores per proposal, excluding the authority already delegated to Managing Director or Internal Management, as the case may be, as per Delegation of Authority.
- To approve revenue expenditure above Rs. Five Crores and upto Rs. Ten Crores in case of procurements on a single tender basis or above Rs. Ten Crores upto Rs. Fifteen Crores on multi tender basis excluding the authority already delegated to Managing Director or Internal Management, as the case may be, as per Delegation of Authority.
To make donations / contributions to charitable and other funds other than to any political party or for political purposes up to an aggregate amount of Rs. Ten lakhs in any financial year.
To lay down and review from time to time Company's employment policy.