S.No.

Name of the Committee

Date of Constitution

Members

Brief Powers / Functions

1.

Investment and Loan Committee

22.09.1998

1. Shri Subrata Roy Sahara,
Managing Director & Chairman

2. Shri O.P. Srivastava,
Director

3. Shri Manoj Kumar Keshri,
Advisor/Expert

4. Shri Sandeep Wadhwa,
Advisor/Expert

5. Shri Prabhat Verma,
Chief General Manager

6. Shri Deepu Awasthi,
Asst. General Manager

7.Sri Ram Bahadur,
Dy. Chief Manager

• To make investments upto and including an aggregate amount of Rupees Twenty Two Thousand Crores.
• To make loan(s) for the purpose of earning interest or otherwise for furtherance of business interest and objects of the company not exceeding Rupees five hundred Crores Only, provided Rupees forty crores for each individual case.

2.

Business Reviewal Committee

22.09.1998

1. Shri O.P. Srivastava,
Director

2. Shri D. K. Srivastava,
Executive Director

3. Smt. Vandana Bharrgava,
Executive Director

4. Shri R. S. Dubey,
Executive Director

5. Shri Pramod Kumar Arora,
General Manager

• To review the business of the company on quarterly basis

3.

Audit Committee

31.03.2000

1. Shri Madhukar,
Chairman

2. Shri O.P. Srivastava,
Director

3. Shri D.P. Bagchi,
Director

• To devise and improve upon procedures and policies for carrying out internal audit works.
• To advise on appointment of Internal Auditors of the Company as a whole or separately for different branches or divisions.
• To examine Internal Audit Report of Investment Department of Company and on deposit mobilization activities of the Company and if deemed necessary to enlarge the scope and coverage of internal auditors.
• To issue direction for implementations of the observations / suggestions made by internal auditors of the company as and when considered necessary in the interest of the Company and monitoring thereof.
• To suggest measures for strengthening of Internal Audit system and management information system.
• To take all other necessary steps regarding internal audit, system audit accounts or transaction audit of the Company and ask for, examine and give suggestions on matters related to accounts, management and finances of the Company.

4.

Asset Liability Management Committee

23.09.2001

1. Shri O.P. Srivastava,
Director

2. Shri D. K. Srivastava,
Executive Director

3. Smt. Vandana Bharrgava,
Executive Director

4. Shri R.S. Dubey, Executive Director

5. Shri Prabhat Verma,
Chief General Manager

6. Shri Shiv Kumar Pandey,
Company Secretary

7. Shri Pramod Kumar Arora,
General Manager

8. Shri Deepu Awasthi,
Asst. General Manager

• Planning of business and risk management strategy
• Product pricing for deposits and advances.
• Maturity profile and mix of the incremental assets and liabilities.
• Monitoring of the risks levels.
• Reviewing the results and progress in the implementation of the decisions made in previous meeting.
• Development of future business strategy with reference to the interest rates in the money market.
• Making representation to the RBI as and when necessary in relation with the ALM system.
• Keeping the Board apprised of the important developments in relation to all the forgoing functions entrusted to ALCO.

5.

Capital Market Supervisory Committee

31.03.2002

1. Shri O.P. Srivastava,
Director

2. Shri R.S. Dubey, Executive Director

3. Shri Prabhat Verma,
Chief General Manager

4. Shri Shiv Kumar Pandey,
Company Secretary

5. Shri Deepu Awasthi,
Asst General Manager

6. Shri Ram Bahadur,
Dy. Chief Manager

• Issue directions to ensure the compliance of rules and regulations and other statutory provisions as applicable to the activities undertaken by CMSD.
• To issue directions with regard to systems and procedures for protecting the interest of the Account Holders and the Company.
• To issue directions for generations of MIS reports and give suggestions for improving the profitability of the division/company.
• To approve the products/schemes as designed by CMSD and also to approve the fees/charges to be levied by CMSD for various services provided by it to its clients and also to approve/ratify concessions /discounts /waivers as felt necessary in the business interest of the division / company.
• To approve the opening / closing of the Offices / Collections Centers / Service Centers of the Capital Market Services Division at various locations in the country.
• To issue any such other directions as is felt necessary so as to protect the interest of the company.

6.

Nomination Committee

29.03.2005

1. Shri Subrata Roy Sahara,
Managing Director & Chairman

2. Shri O.P. Srivastava,
Director

3. Shri Madhukar,
Director

To scrutinize the declarations given by the directors of the company to determine the suitability of the person being ‘Fit and Proper’ for appointment / continuing to hold appointment as a director on the Board on the basis of their qualification, expertise , track record and integrity etc.

1. Shri Subrata Roy Sahara,
Managing Director & Chairman.

2. Shri O. P. Srivastava,
Whole Time Director

3. Smt. Vandana Bharrgava,
Executive Director (Controlling & IT)

4. Shri R. S. Dubey Executive Director (Finance & Accounts)

5. Shri Prabhat Verma,
Chief General Manager

6. Shri Shiv Kumar Pandey,
Company Secretary

7. Shri Pramod Kumar Arora,
General Manager
(Accounts)

8. Shri Deepu Awasthi,
Asst. General Manager (Investments)

9. Shri Manish Raj , Asst. General Manager (Accounts)

2. Shri Madhukar,
Chairman

3. Shri D.P. Bagchi