ILT4 is the owner of vessel MT Prachi and is primarily engaged in transportation of LNG.
Your company had done discussions and deliberation with Ministry of Road Transportation and Highways (MORTH) and Ministry of Commerce and Industries (MOCI) for inclusion of LNG as an automotive fuel in Central Motor Vehicle Rules (CMVR) and for inclusion of LNG dispensing stations development regulation in Static and Mobile Pressure vessel rules (SMPV).7.
Shri V. K. Mishra, Director (Finance) and CFO (w.e.f.
** Sitting fee pertaining to Nominee Directors has been paid to their respective Organization, the details of which form part of Corporate Governance Report.
Your company is in discussion with various CGD players to develop these stations in their area. 3rd November, 2018.The total number of employees on the rolls of the Company as on 31st March, 2019 was 494 excluding three Whole Time Directors.Bharat Petroleum Corporation Limitedi.
All these ships are manned, managed, maintained and operated by SCI.
A declaration duly signed by MD & CEO is given in the Report on Corporate Governance annexed to this Report. (a) The composition of the Board did not have sufficient number of Independent directors during the period commencing from 1st April, 2018 till 1st November, 2018 as required under Regulation 17(1) of the SEBI (LODR) Regulations, 2015;As a responsible corporate citizen and in a step towards meeting India's Cop 21 commitment, your company is taking up initiatives to develop the small scale LNG market in the Country and has been promoting the environment friendly LNG as an fuel in Road transportation.
Furthermore, location wise CSR Budget is being allocated so as to channelize the CSR much more effectively.In view of the above, the Board of Directors in their meeting held on 15th May, 2019 approved the amendments in Memorandum of Association (MoA) and Articles of Association (AoA) of the CompanyCSR Project or Programs undertaken are as per the list of activities specified in Schedule VII of the Companies Act 2013, and amendments thereof. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. Remuneration to other directors:Internal and External factors that shall be considered while declaring dividendThe Business Responsibility Report covering initiatives taken with environmental, social and governance perspective has been prepared in accordance with the directives of SEBI and forms a part of the Annual Report.The final dividend shall be paid to the members, whose names appear in the Register of Members as well as the Beneficial Ownership Position provided by NSDL7CDSL as at the close of business hours on 20th August, 2019.The Company is committed to good Corporate Governance and lays strong emphasis on transparency, accountability and integrity. Nevertheless, your Company has been making constant efforts to reach optimum level of CSR expenditure resulting in tangible positive impact on society and has made significant improvements over the previous years in terms of both spending as well as number of projects taken up. 4) Pvt.
regarding the project have started.Indebtedness at the beginning of the financial yearIndebtedness at the end of the financial yearFurther, as reported last year, Petronet LNG Foundation, a Company Limited by Guarantee, has been incorporated on 31st March, 2017 by Petronet LNG Limited as a promoter of the Company under the provisions of Section 8 of the Companies Act, 2013 and the rules made thereunder. The Unsecured Non Convertible Debentures are listed on National Stock Exchange of India Ltd.
As required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Report on Corporate Governance, together with Auditors' Certificate regarding Compliance of the SEBI Code of Corporate Governance, is annexed to this report along with Management's Reply on the Auditors' Report on the Corporate Governance Report for the Financial Year 2018-19.2. Also includes updates on the valuation of PETRONET LNG. - 39 years(a) Total amount to be spent for the financial year: Rs. Further, audits and reviews are conducted by independent agencies including internal and statutory auditors. (e) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;The Board of your Company has formulated a Dividend Distribution Policy (The Policy). 1,500 crore (150 Crore Equity Shares of Rs. In some projects, disbursement of fund is linked to achieving deliverable targets and due to dynamic implementation environment targets have not yet achieved.
18th April, 2018. All Board Members and Senior Management Personnel have given their confirmation of compliance for the year under review.