S1.
No. 

Requirement under the Act

Details

Balmer Lawrie Investments Ltd is a Government Company under section 617 of the Companies Act, 1956. The President of India is the major shareholder holding to the tune of 59.67% of its total paid up Equity capital. Though being a Non-banking Financial Institution under the Reserve Bank of India Act, 1934, it does not carry any non-banking financial activity except holding of Equity shares of its subsidiary Balmer Lawrie & Co. Ltd., transferred from IBP Co. Ltd. This Company was incorporated on 20 September 2001 under the Companies Act, 1956 and presently its Equity shares are listed with 'The Calcutta Stock Exchange Association Ltd.' and 'Bombay Stock Exchange Ltd’.

Balmer Lawrie Investments Ltd., does not have any employee, except, the Company Secretary, whose services have been seconded from Balmer Lawrie & Co. Limited.         Infrastructure and all sorts of other services in the nature of taxation, accounts, finance, secretarial, legal, administration, etc. are obtained from Balmer Lawrie & Co. Ltd.

Mostly decision taken by the Board, are statutory in nature. Business pertaining to fixation of remuneration to the statutory auditors, approval of financial results, before being put to the Board is reviewed by the Audit Committee. Grievances of the shareholders are supervised and reviewed periodically by the Investors grievance Committee. Share related activities are looked after by a separate Committee of Directors.

The norms are either set by the Board or Committee of Directors in line with set of principles issued from time to time by the Department of Public Enterprise.

Rules and regulations as framed by the Board/Committee and as contained in the respective minutes of the proceedings of Board/Committee meetings and the regulations for internal management as contained in the Articles of Association of the Company are held by the Company as manual/ guidelines for discharging functions.

The Company holds certain categories of documents which are required to be preserved and maintained under various provisions of law, namely, statutory registers and returns, minute books of the meeting of the Board/Committee / Share-holders, Books of accounts etc.

Balmer Lawrie Investments Ltd., at present is devoid of normal day-to-day business activity and as such there exist no arrangement for formulation of business policy and its implementation. Functions and duties of this Company are statutory in nature. Being, a Government Company it is functionally administered by the administrative ministry of the Govt. of India. Besides that there are various parliamentary committees having jurisdiction over the Company, which provides directional guidance on the functioning of the Company.

A statement of the Boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice and as to whether meetings of those boards, councils, committees and other bodies, are open to the public or the minutes of such meetings are accessible for public 

Each year the Company publishes in its Annual Report a report on Corporate Governance which inter­alia deals with the composition and functioning of the Board and various Committees of Directors. In terms of the law of the country outsiders including the shareholders of the Company have no jurisdiction to have access on the minutes of the Board & Committee meetings. Accessibility of the minutes of the General Meetings is restricted only to the shareholders and not to the public at large.

Fax: (033) 22225678

Remuneration and system of compensation payable to its Company Secretary is as per the existing rules and regulations of its service provider Balmer Lawrie & Co. Ltd.

The budget allocated to each of its agency, indicating particulars of all plans, proposed expenditures and reports on disbursements made

The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes.

13.

Particulars of recipients of concessions, permits or authorizations granted by it.

Not applicable to this Company.

14.

Details in respect of the information available to or held by it reduced in an electronic form

15.

The particulars of facilities available to citizens for obtaining information including the working hours of a library or reading rooms, if maintained for public use.

Citizens of our country can use the above website to get an access to the various information. The Company uses the infrastructure of its service provider, i.e., Balmer Lawrie & Co. Ltd., under a service agreement with the latter, which does not cover provision of a library or reading room for use of the public.It may be either
 

16.

Names, designation and other particulars of the Public Information Officers