Comment on the following in the light of the certificate of compliance of conditions of Corporate Governance to be issued for a listed company where the Board consists of 10 directors including a non-executive director as its chairman & further:

(i)There were 5 meetings held during the year as follows 01.04.2019, 01.06.2019, 01.09.2019, 03.01.2020, and 25.03.2020.

(ii)There are 4 independent directors. One of them resigned on 25.05.2019. A new independent director was appointed on 01.09.2019.

(iii)The Chairman of the Audit Committee did not attend the Annual General Meeting held on 14.09.2019.

(iv)The internal audit reports were obtained by Audit Committee on a quarterly basis. The quarter 1 internal audit report commented on certain serious irregularities as regards the electronic online auction of scrap. The agenda of the Audit Committee did not deliberate or take note of the issue.

(v) There is no women director.