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RTI Monthly Return
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Information furnished under the Right to Information Act, 2005
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.
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.
Referring to the information given under clause 2, please note the name, address, telephone and Email of the Company Secretary:
Name: Abhishek Lahoti
Address: 21, Netaji Subhas Road,
Kolkata -700 001.
Tel.: (033) 22225227
Email: lahoti[dot]a[at]balmerlawrie[dot]com
Name: Abhishek Lahoti
Address: 21, Netaji Subhas Road,
Kolkata -700 001.
Tel.: (033) 22225227
Email: lahoti[dot]a[at]balmerlawrie[dot]com
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.
Not applicable to this Company.
Not applicable to this Company.
Not applicable to this Company.
It may be either
1. Information on financial results are published periodically and are kept electronically in www.balmerlawrie.com the website of its service provider, i.e., Balmer Lawrie & Co. Ltd.
Or
2. Information on financial results are published periodically and are kept electronically in www.blinv.com.
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.
Company Secretary
Balmer Lawrie Investments Ltd.,
21, Netaji Subhas Road,
Kolkata - 700 001
Balmer Lawrie Investments Ltd.,
21, Netaji Subhas Road,
Kolkata - 700 001
