HSIIDC Corporate Affairs, Board and Secretarial Matters

HSIIDC - Corporate Affairs, Board, and Secretarial Matters

Incorporation and Objectives

• HSIIDC was incorporated on 08.03.1967 under the Companies Act, 1956
• Registered Office at Chandigarh, with objectives to:
  • Undertake industrialization by developing industrial infrastructure
  • Finance industrial units located in Haryana

Corporate Identity and Shareholding

• Corporate Identity Number (CIN): U29199HR1967SGC034545
• 100% owned by the State Government (Governor of Haryana) and its nominees
• Classified as a Government Company under the Companies Act

Share Capital

• Authorized Share Capital: Rs. 75.00 crore divided into 7,50,000 shares @ Rs. 1000/- each
• Paid-up Capital: Rs. 4890 lakhs
• Shareholders:
  • Governor of Haryana (through PSI) - 488999 shares
  • Various State Government officials and nominees - 1 share each

Appointment of Directors and Chairman

• Number of Directors: Not less than 3 and not more than 11
• Directors appointed by the State Government, including:
  • Managing Director and Chairman
  • Independent Directors
  • Woman Director
  • Nominee of Finance Department
  • Director of Industries and Commerce, Haryana
• Special Invitee: Director of Town and Country Planning Department (DTCP)

Statutory Committees of Directors

• Three statutory committees: Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee
• Composition of committees:
  • At least 3 members, including Independent Directors
  • Chairman of the Corporation may be appointed as a member of the Committee

Key Managerial Personnel (KMP)

• Managing Director
• Company Secretary
• Chief Financial Officer
• Currently appointed KMPs:
  • Shri Sushit Sarwan, IAS - Managing Director
  • Harnam Singh Rana - Company Secretary
  • Sh. S.B. Kaushik - Chief Financial Officer

Meetings of the Board and Shareholders

• Four Board Meetings and one Annual General Meeting (AGM) of Shareholders to be held every year
• Gap between two Board Meetings should not exceed 120 days
• AGM to be held within 6 months of the close of the financial year

Policies Framed under the Companies Act, 2013

• Corporate Social Responsibility (CSR) Policy
• Risk Management Policy
• Vigil Mechanism (Whistle Blower Policy)
• Code of Conduct for Directors
• Policy on Appointment of Directors and Senior Management

Subsidiary Company

• Haryana Minerals Limited (HML) - incorporated on 02.12.1972
• HML has ceased its manufacturing activities and has a skeletal staff
• HSIIDC holds 100% of the share capital of HMLIt appears that the provided text is a jumbled collection of symbols, letters, and numbers, making it difficult to decipher any meaningful information. There doesn't seem to be a coherent message or topic that can be extracted from the text.

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