family_program

FAMILIAR PROGRAM

FAMILIARIZATION PROGRAM

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, requires that the Company shall familiarize the independent directors with the company, their roles, rights, responsibilities in the company, nature of the industry in which the company operates, business model of the company, etc., through various programmes.  The Familiarization Programmes are aimed to familiarize the independent directors with the company, their roles responsibilities in the company, nature of industry in which the company operates and business model of the company by imparting suitable training sessions. 

Overview of Familiarization Programmes

  • To facilitate independent directors in the performance of their duties and responsibilities, new directors are provided with a personal orientation by senior management and materials regarding the Company’s business and operations, governing documents, information on key personnel, and financial information are made available to them.

  • To provide external training and discussions with various Professionals (in addition to such orientation from Internal Counsels and Senior Management) on Regulations, roles and duties of Independent Directors and Board as whole and providing detailed opportunity to interact with such professionals for insight into Corporate Governance practices, improvement areas etc

  • To provide presentation and interaction with Functional heads of Companies minimum once in a quarter during Board meeting where Independent Directors will interact with functional heads, will discuss on working of departments in direct control of functional heads.

  • Quarterly presentations on operations made to the Board include information on business performance, operations, market share, financial parameters, working capital management, fund flows, senior management change, discussion by management on major, litigation, compliances, subsidiary information, regulatory scenario etc. and detailed discussion on Quarterly results / press release of the Company etc.

  • Independent directors are also taken through detailed business strategy for various businesses during the independent directors meetings which are held at least once during the financial year.
    Apart from Independent Directors, Non-Executive Directors are also eligible to attend the familiarization programmes. 
    The Independent Directors are made aware of their role and responsibilities and liabilities at the time of their appointment through a formal letter of appointment, which also stipulates their roles and responsibilities and various terms and conditions of their appointment.
    Regular updates on relevant statutory and regulatory changes are regularly updated to the Directors. 
S.No Familiarization Programme date Number of programmes attended by independent directors Number of Independent directors as on date Number of Independent directors attended Number of hours spent by independent directors in such programme directors in such programme Name of independent directors attended the Programme
During the Financial Year Cumulative till date During the Financial Year Cumulative till date
1 27.05.2016 1 2 5 5 1 2 1. George Joseph
2. John K Paul
3. K George JohnM
4. K John Mathew
5. Pamela Anna Mathew
2 28.07.2016 1 3 5 4 1 3 1. George Joseph
2. John K Paul
3. K George JohnM
4. K John Mathew
3 11.11.2016 1 4 5 5 1 4 1. George Joseph
2. John K Paul
3. K George JohnM
4. K John Mathew
5. Pamela Anna Mathew
4 13.02.2017 1 5 5 4 1 5 1. George Joseph
2. John K Paul
3. K George JohnM
4. K John Mathew

why us

We are the largest Gold Financing Company in India in terms of loan portfolio, according to the 2015 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2015 ("IMaCS Industry Report, (2015 Update)"). We provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time-frame, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

  • 25000

    Employees

  • 4300+

    Branches spread over 21 states and 4 Union Territories

  • 6 million

    Customers in our portfolio

  • 130 year

    Existence