Centrum forex ceo

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Centrum Forex Limited. LinkedIn Profile.

Company Details. Software — Finance. Company type. Employee size. Founding Year. Company Status. Company Address. Postal code. Company social media. Key Contacts. Other Contacts within the Organization. People with same Designation. Most frequent questions and answers. Where is the Centrum Forex Limited Located?

Centrum Forex Limited is located in Hyderabad. The Company was required to make expenditure of Rs. Accordingly, disclosure as prescribed under Annexure to CSR Rules, is not applicable for the period under review.

At Centrum, we ensure that we evolve and follow the corporate governance guidelines and best practices sincerely to not just boost long-term shareholder value, but also to respect minority interest. During the year ended 31st March, , the Board met four times. The Nomination and Remuneration Committee works with the Board to determine the appropriate characteristic skills, and experience for the Board as a whole, and its individual members with the objective of having a Board with a diverse background and experience in business.

The Policy regarding the same is provided in Annexure A to this report. The Board of Directors has carried out an annual evaluation of its own performance, performance of Board committees and individual Directors pursuant to the provisions of the Act. The performance of the Board was evaluated by the Board after seeking inputs from all the Directors on the basis of the criteria such as the Board composition and structure, effectiveness of Board processes, information and functioning, etc.

The performance of the committees shall be evaluated by the Board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc. In a separate meeting of Independent Directors, evaluation of the performance of Non-Independent Directors, performance of the Board as a whole and performance of the Chairman was done after taking into account views of Executive Directors and Non-Executive Directors.

The Company has received the necessary declaration from each Independent Director in accordance with Section 7 of the Companies Act, , that he meets the criteria of independence as laid out in sub-section 6 of Section of the Companies Act, and Listing Regulations.

Sanjiv Bhasin as Additional Directors w. R Kamath were appointed as Additional Directors with effect from 14th November, There were no instances of reappointment of Independent Directors during the period under review. Subimal Bhattacharjee, an Independent Director, resigned with effect from 14th November, Based on the framework of internal financial controls established and maintained by the Company, work performed by the internal, statutory, secretarial auditors and external agencies, the reviews performed by.

Accordingly, pursuant to Section 5 of the Companies Act, , the Board of Directors, to the best of their knowledge and ability, confirm:. The Committee met 3 three times during the period under review, the details of which are given in the Corporate Governance Report that forms part of this Annual Report. As on 31st March, , the composition of the Audit Committee was as follows:. Accordingly, particulars of contracts or arrangements with related party referred to in section 1 along with the justification for entering into such contract or arrangement in form AOC-2 does not form part of the report.

Since such variations can cause deviations in the results from operations and affect the financials of the company, the focus on risk management continues to be high. During the period under review, the Board of Directors the Board reviewed the affairs of material subsidiaries.

Company has in accordance with section 3 of the Companies Act, , prepared consolidated financial statements of the Company and all its subsidiaries, which forms a part of this Annual Report.

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Further the Report on the performance and financial position of each of the subsidiary, associate and joint venture and salient features of the financial statements in the prescribed form AOC-1 is annexed to this report Annexure C Club 7 Holidays Limited ceased to be a subsidiary company step-down w. These documents will also be available for inspection during business hours at the registered office and corporate office of the Company.

Maskeri, Company Secretary in Practice, as Secretarial Auditor, to conduct secretarial audit for the financial year ended 31st March, The report of the Secretarial Auditor is provided as Annexure D to this report.

Key Management

The said expenditure was not made in the FY and shall be made in FY The Board is considering appointing new directors to meet the criteria of composition of the Board as specified in Regulation 17 of the Listing Regulations and clause 49 IIB of the erstwhile Listing Agreement. Management is facing challenges to find a director with relevant experience commensurate with the business and size of the Company. The Policy provides for adequate safeguards against the victimization of the employees who use the vigil mechanism. The information required pursuant to Section read with Rule 5 of The Companies Appointment and Remuneration of Managerial Personnel Rules, in respect of the employees of the Company is enclosed herewith as Annexure E.

The Company has disclosed full particulars of loans given, investments made or guarantees given or securities provided in the notes forming a part of the financial statements provided in this Annual Report. Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transaction pertaining to these items during the period under review.

Issue of equity shares including sweat equity shares and ESOS to employees of the Company under any scheme. There were no instance of non-exercising of voting rights in respect of shares purchased directly by the employees under a scheme pursuant to section 67 3 of the Act read with Rule 16 4 of Companies Share Capital and Debenture Rules, and hence no information has been furnished.

Your Directors further state that during the period under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace Prevention, Prohibition and Redressal Act, There is an ongoing emphasis on building a progressive Human Resources culture within the organization. Your Directors would like to express their sincere appreciation of the co-operation and assistance received from Shareholders, Bankers, regulatory bodies and other business constituents during the period under review.

Your Directors also wish to place on record their deep sense of appreciation for the commitment displayed by all executives, officers and staff, resulting in successful performance of the Company during the period under review. Your Directors look forward to the continued support of all stakeholders in the future. For and on behalf of the Board of Directors. Jaspal Singh Bindra Chandir Gidwani. Executive Chairman Non-Executive Director. The Company has transferred Rs. Accordingly the financial year shall be for a period of 9 months beginning from 1st July and ending on 31st March Ibrahim Belselah retire by rotation at the forthcoming Annual General Meeting and being eligible, ofer themselves for re-appointment.

A brief profle of the all the Directors seeking re- appointment at the ensuing Annual General Meeting, nature of their expertise and names of the other Companies in which they hold Directorship and Committee Membership is provided as a part of the notice of the ensuing Annual General Meeting. During the year, the Company has divested its investments of Rs. Centrum Retail Services Limited. These documents will be made available upon request by any member of the Company interested in obtaining the same at the Corporate Ofce of the Company.

However, as directed by the MCA in the aforesaid circulars, the financial information of the said subsidiaries has been disclosed in the Annual Report. The annual accounts of the subsidiary companies will also be kept for inspection by any shareholders at the Corporate Ofce of the Company and that of respective subsidiary companies.

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The Consolidated Financial Statements have been prepared in accordance with Accounting Standards 21, 23 and 27 issued by the Institute of Chartered Accountants of India. These statements have been prepared on the basis of Audited Financial Statements received from Subsidiaries, Joint Ventures and Associate Companies, as approved by their respective Boards of Directors.

However, as per the provisions of section 1 b iv of the said Act, the Annual Report excluding the aforesaid information is being sent to all the Members of the Company and others entitled thereto. Members who are interested in obtaining such particulars may write to the Company Secretary at its Corporate Ofce. As required under the provisions of Section of the Companies Act, and applicable rules, the Company has obtained written confirmation from the Auditors proposed to be re-appointed to the efect that their re-appointment if made, would be in conformity with the limits specified in the said section and also a certifcate as to eligibility for being re appointed in accordance with the requirements of Section 1 of the Companies Act the Act read with Rule 4 of the Companies Audit and Auditors Rules, A proposal seeking their re-appointment is provided as part of the Notice of the ensuing Annual General Meeting.

Section 2 of the Companies Act, efective 1st April , mandates that a listed Company or such other prescribed classes of Companies shall not appoint or reappoint an audit firm as Statutory Auditors for more than two terms of five consecutive years each. Further, the Companies as aforesaid, whose statutory Auditors has held ofce for a period of ten years or more are required to comply with these provisions, within three years from the date of commencement of these provisions ie. For this Purpose, the term of the Audit firm before the commencement of these provision shall be taken into account for calculating the period of ten consecutive years.

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Hence, they are reappointed for a period upto 5 years i. Upto FY There was a delay in payment of service tax and the Company subsequently paid the due amount along with applicable interest as per applicable laws.