Board Committees

Board Committees

Arohan Financial Services Limited has constituted the following Board Committees:

Audit Committee

Audit Committee has been constituted under Section 177 of the Companies Act 2013 and under Regulation 18 and Part C of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Committee has been charged with the principal oversight of financial reporting process and to ensure accurate and timely disclosure with the highest levels of transparency, integrity and aims to enhance the confidence in the quality of the Company’s financial reporting, to review of internal audit reports and action taken reports and assessment of the efficacy of the internal control systems . The Audit Committee also looks after the compliance with the legal and statutory requirements, related party transactions and recommends the appointment of statutory auditor to the Board.

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Mr. Rajat Mohan Nag, Chairperson

Independent Director

2.

Mr. Sumantra Banerjee

Independent Director

3.

Ms. Matangi Gowrishankar

Independent Director

4.

Mr. Piyush Goenka

Non-Executive Director

Nomination and Remuneration Committee

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Ms. Matangi Gowrishankar, Chairperson

Independent Director

2.

Mr. Sumantra Banerjee

Independent Director

3.

Mr. Rajat Mohan Nag

Independent Director

4.

Mr. Piyush Goenka

Non-Executive Director

4.

Mr. Vineet Chandra Rai

Non-Executive Director

Nomination and Remuneration Committee has been constituted under Section 178 of the Companies Act 2013 and under Regulation 19 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Committee has been responsible to oversee that the Company’s nomination process including succession planning for the senior management and the Board and specifically to assist the Board by identifying, screening and reviewing individuals qualified to serve as directors so that the directors appointed would have appropriate skills to support the functioning of the Company and also to advise Board on Remuneration policy for Directors, Key Managerial Personnel and other employees.

Stakeholders Relationship Committee

Stakeholder's Relationship Committee has been constituted under Section 178 of the Companies Act 2013 and under Regulation 20 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Committee has been responsible for redressal of grievances of interest of investors, shareholders, debenture holders and other security holders including complaints related to the transfer of shares, non-receipt of annual report and non-receipt of declared dividends and performing such other functions as may be delegated by the Board.

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Ms. Matangi Gowrishankar, Chairperson

Independent Director

2.

Mr. Anurag Agrawal

Non-Executive Director

3.

Mr. Manoj Kumar Narayan Nambiar

Executive Director

Information Technology Strategy Committee

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Mr. Sumantra Banerjee, Chairperson

Independent Director

2.

Mr. Piyush Goenka

Non-Executive Director

3.

Mr. Manoj Kumar Narayan Nambiar

Executive Director

4.

Mr. Arvind Murarka

SVP & Head-Information Technology

NBFCs has been mandated to form an IT Strategy Committee as per RBI Master Directions. The Committee carries out review and amend the IT strategies in line with the corporate strategies, Board Policy reviews, cyber security arrangements and any other matter related to IT Governance. It may look after the present and future need of the induction of Information Technology and also takes care of need of providing the training to the existing as well new incumbents.

Risk Management Committee

Risk Management Committee has been constituted under Regulation 21 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 along with the RBI Master Direction. The Committee has overall responsibility to the identification, evaluation and mitigation of strategic, operational, and external environment risks; for monitoring and approving the risk policies and associated actionable. The Committee has been also responsible for reviewing and approving risk disclosure statements for dissemination.

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Mr. Rajat Mohan Nag, Chairperson

Independent Director

2.

Mr. Sumantra Banerjee

Independent Director

3.

Ms. Matangi Gowrishankar

Independent Director

4.

Mr. Wilhelmus Marthinus Maria Van Der Beek,

Non-Executive Director

5.

Mr. Piyush Goenka

Non-Executive Director

Corporate Social Responsibility Committee

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Mr. Sumantra Banerjee, Chairperson

Independent Director

2.

Mr. Anurag Agrawal

Non-Executive Director

3.

Mr. Wilhelmus Marthinus Maria Van Der Beek,

Non-Executive Director

4.

Mr. Manoj Kumar Narayan Nambiar

Executive Director

Corporate Social Responsibility Committee has been constituted under Section 135 of the Companies Act 2013. Primary objective of the Committee has been assisting the Board in fulfilling its corporate social responsibility. The Committee has overall responsibility for Identifying the areas of CSR activities and implementing and monitoring the CSR Policy also recommends the amount of expenditure to be incurred on the identified CSR activities.

Share Transfer and Securities Allotment Committee

Audit Committee has been constituted under Section 177 of the Companies Act 2013 and under Regulation 18 and Part C of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Committee has been charged with the principal oversight of financial reporting process and to ensure accurate and timely disclosure with the highest levels of transparency, integrity and aims to enhance the confidence in the quality of the Company’s financial reporting, to review of internal audit reports and action taken reports and assessment of the efficacy of the internal control systems . The Audit Committee also looks after the compliance with the legal and statutory requirements, related party transactions and recommends the appointment of statutory auditor to the Board.

Sl.No.

Name of the Member

Designation / Nature of Directorship

1.

Mr. Manoj Kumar Narayan Nambiar, Chairperson

Executive Director

2.

Mr. Piyush Goenka

Non-Executive Director

3.

Mr. Anurag Agrawal

Non-Executive Director

4.

Mr. Vineet Chandra Rai

Non-Executive Director