Page 73 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 Board's Report 147-300

(Firm Registration No. P1988MH009800), have been review, three (3) meetings of the CSR Committee were held,
appointed as Secretarial Auditors of the Company to details of which are provided in the Corporate Governance
carry out the secretarial audit for FY 2021-22. The report Report. The Company has revised the CSR Policy and the
of the Secretarial Auditors for FY 2020-21 is enclosed as Charter pursuant to the Companies (Corporate Social
Annexure 7 forming part of this Report. Responsibility) Amendment Rules, 2021. The revised
CSR Policy is available on the website of the Company at
There has been no qualification, reservation, adverse remark https://www.tatachemicals.com/CSRPolicy2021.htm. During
or disclaimer given by the Secretarial Auditor in their Report.
the year under review, there were no instances when the
29. Reporting of Fraud recommendations of the CSR Committee were not accepted
by the Board.
During the year under review, the Statutory Auditors, Cost
Auditors and Secretarial Auditors have not reported any IV. Secretarial Standards
instances of frauds committed in the Company by its officers The Directors have devised proper systems and processes for
or employees, to the Audit Committee under Section 143(12) complying with the requirements of applicable Secretarial
of the Act details of which needs to be mentioned in this Standards issued by the Institute of Company Secretaries
Report.
of India and such systems were adequate and operating
effectively.
30. Other Disclosures
I. Details of Board Meetings 31. Annual Return
During the year under review, nine (9) Board Meetings Pursuant to Section 92(3) read with Section 134(3)(a) of the
were held, details of which are provided in the Corporate Act, the Annual Return as on March 31, 2021 is available on
Governance Report.
the Company’s website at https://www.tatachemicals.com/
II. Composition of Audit Committee MGT2021.htm.
The Audit Committee comprised four (4) Members out of
which three (3) are Independent Directors and one (1) is 32. Acknowledgements
a Non-Executive Director. During the year under review, The Directors acknowledge the support extended by the
eleven (11) Audit Committee meetings were held, details Company’s Unions and all the employees for their dedicated
of which are provided in the Corporate Governance Report. service.
During the year under review, there were no instances when
the recommendations of the Audit Committee were not The Directors would also like to thank the financial
accepted by the Board. institutions, banks, government authorities, customers,
vendors and other stakeholders for the continued support
III. Composition of CSR Committee and co-operation.
The CSR Committee comprised four (4) Members out of
which one (1) is an Independent Director. The Committee The Directors deeply regret the loss of lives on account of
was reconstituted effective September 1, 2020 after which the Covid-19 pandemic and place on record their sincere
the Committee comprised three (3) Members out of which appreciation to all those who have gone beyond their duties
one (1) is an Independent Director. During the year under in this fight against the pandemic.

On behalf of the Board of Directors

N. Chandrasekaran
Chairman
DIN: 00121863
Mumbai, May 3, 2021

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