- Nomination and Remuneration Policy
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1. Nomination and Remuneration Policy View
- Terms and Conditions for appointment of Independent Directors
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The following are the terms and conditions of appointment of the Independent Directors of the Company:
- APPOINTMENT
- The appointment of the Independent Directors is for a term of 5 years with effect from the date of their appointment on the Board of Directors of the Company (the Board).
- In compliance with provisions of section 149(13) of the Companies Act, 2013 (the Act), the Independent Directors are not liable to retire by rotation.
- The Independent Directors may be required to serve on one or more Board Committee(s), if any, as may be decided by the Board from time to time. They may also be required to be part of Operational Committees constituted by the Board viz. Management Acquisition Committee, Business Acquisition Committee, Board Acquisition Committee, Management Resolution Committee, Business Resolution Committee and Board Resolution Committee. The role of these Committees would be such as may be decided by the Board from time to time.
- ROLE, DUTIES AND RESPONSIBILITIES
- The duties and liabilities that come with the appointment as Independent Director would be as per the applicable laws and the Articles of Association of the Company
- As a member of the Board, the Independent Directors along with the other Directors will collectively be responsible for meeting the objectives of the Board which include:
- requirements under the Act and the Rules thereunder;
- accountability under the Directors’ Responsibility Statement;
- overseeing the maintenance of high standards of the Company’s values and ethical conduct of business.
- The Independent Directors will be expected to perform their fiduciary duties and exercise the skill and care expected of every Director. They shall also abide by the ‘Code for Independent Directors’ as outlined in Schedule IV to the Act.
- The Independent Directors shall act in good faith in order to promote the objects of the Company for the benefit of its members as a whole, and in the best interest of the Company.
- The Independent Directors shall discharge their duties with due and reasonable care, skill and diligence.
- The Independent Directors shall not engage in any activity which might impede the application of your independent judgment in the best interest of the Company.
- The Independent Directors shall not involve yourself in a situation in which you may have a direct or indirect interest that conflicts, or possibly may conflict, with the interest of the Company.
- The Independent Directors shall not achieve or attempt to achieve any undue gain or advantage either to yourself or to your relatives, partners or associates.
- The Independent Directors shall not assign their office as Director and any assignments so made shall be void.
- Unless specifically authorised by the Company, the Independent Directors shall not disclose information in respect of the Company’s affairs to the media, the employees, the members, or to any other person.
- TERMINATION
- The Independent Director(s) may resign from their position at any time and should they wish to do so, they are requested to serve a reasonable written notice on the Board
- Continuation of appointment of the Independent Director(s) is contingent on their getting reelected by the shareholders in accordance with provisions of the Act and the Articles of Association of the Company, from time to time in force. They will not be entitled to compensation if the shareholders do not re-elect them at any time.
- The appointment of the Independent Director(s) may be terminated on failure to meet the parameters of independence as defined in section 149(6) or on the occurrence of any event as defined in section 167 of the Act
- Upon termination or upon resignation for any reason, duly intimated to the Company, the Independent Director(s) will not be entitled to any compensation for loss of office.
- Corporate Social Responsibility
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- CSR COMMITTEE
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The CSR Committee of the Company comprises of the following Members:
- Mr. Manish Motilal Lalwani
- Mr. Ankit Arun Shah
- Mr. Chaitya Lalit Adani
- Mr. Srenik Sett
- Mr. Sakthivel Kaleswara Vignesh
- CSR Policy
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Introduction to the Policy
The Corporate Social Responsibility (hereinafter referred to as the CSR) Policy is framed in terms of the Companies Act, 2013 (hereinafter referred to as ‘the Act’) read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as “CSR Rules”) as amended from time to time.
CSR in India has traditionally been seen as a philanthropic activity. While the corporate houses have been engaged in doing CSR activities voluntarily, the CSR provisions put formal and greater responsibility on companies to set out clear framework and process to ensure strict compliance.
The Act has introduced the idea of CSR to the forefront and mandates qualifying companies to constitute Corporate Social Responsibility Committee to effectively monitor CSR activities of a Company. Further the CSR Rules lay down the framework and modalities of carrying out CSR activities which are specified in Schedule VII of the Act.
Scope of the Policy
Omkara Assets Reconstruction Private Limited (hereinafter referred to as OARPL) believes that every company has the responsibility to give back to the society where it operates, and it possesses not only financial resources but also transformational capacity to ensure that the society moves towards a better and brighter future. In accordance with this belief, OARPL will also take initiatives which will be independent of its ordinary course of business and aligned with the activities listed in Schedule VII of the Act read with Section 135 of the Act and the CSR Rules.
The various programs, projects, and activities (hereinafter collectively referred to as the CSR Programs) to be carried out by OARPL are the subject matter of this Policy.
Definitions
- “OARPL” means Omkara Asset Reconstruction Private Limited.
- “Rules” means Companies (Corporate Social Responsibility Policy Rules, 2014 & amendments thereto.
- “Act” means the Companies Act 2013 & Amendments thereto.
- “Net profit” means the net profit of OARPL as per its financial statement prepared in accordance with the applicable provisions of the Act.
- “Annexure" means the Annexure appended to Rules.
- “The Board” refers to Board of Directors of OARPL.
- “This policy” refers to Corporate Social Responsibility policy of OARPL.
- “Ongoing Project” means a multi-year project undertaken by OARPL in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification.
- “Administrative overheads” means the expenses incurred by OARPL for ‘general management and administration’ of Corporate Social Responsibility functions in the OARPL but shall not include the expenses directly incurred for the designing, implementation, monitoring and evaluation of a particular Corporate Social Responsibility project or program.
Applicability of the Policy
According to section 135 (1) of the Companies Act 2013, provisions of Corporate Social Responsibility are applicable to every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year.
CSR Areas
OARPL has identified the following focus areas for its CSR Programs in accordance with Schedule VII of the Companies Act 2013:
- Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
- Promoting education including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled; promoting livelihood enhancement projects.
- Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care center and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water, including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
- Protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts.
- Taking measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Paramilitary Forces (CPMF) veterans, and their dependents including widows.
- Training to promote rural sports, nationally recognized sports, paralympic sports and Olympic sports.
The following activities/contributions shall not constitute CSR expenditure:
- Activities undertaken in pursuance of normal course of business of OARPL.
- Any activity undertaken by OARPL outside India except for training of Indian sports personnel representing any State or Union territory at national level or India at international level.
- Contribution of any amount directly or indirectly to any political party under Section 182 of the Act.
- Projects benefitting the directors or employees (as defined in clause (k) of section 2 of the Code on Wages, 2019 and as amended from time to time) of OARPL.
- Activities supported on sponsorship basis for deriving marketing benefits for services offered by OARPL.
- Activities carried out for fulfilment of any other statutory obligations under any law in force in India.
CSR Implementation
OARPL’s CSR Programs shall be implemented:
- By OARPL itself; or
- A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961, established by the company, either singly or along with any other company, or
- A company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government; or
- Any entity established under an Act of Parliament or a State legislature; or
OARPL may engage International Organizations for designing, monitoring, and evaluation of CSR Projects as well as capacity building of its own personnel for CSR.
OARPL may also collaborate with other companies to undertake CSR projects, provided the CSR Committees of the respective companies are able to report separately on such projects.
In case CSR Programs are implemented through external agencies, the programs to be undertaken by such agencies will be specified and it will be ensured that such programs are covered in the objects laid down in the charter documents of such agencies. Further, the external entities shall be registered with the Central Government as required under the Act.
Governance
- The CSR Committee shall be responsible for formulating and recommending to the Board of Directors of OARPL (the Board) the CSR Policy and a CSR Annual Action Plan.
- OARPL may obtain an omnibus approval from the CSR committee at the beginning of each financial year in respect of the CSR plan (i.e., the permitted activities in which OARPL wants to spend the CSR expenditure).
- The Board shall consider and approve the CSR Plan with such modification that may be deemed necessary. The CSR Plan may also be modified by the Board during the financial year, on the recommendation of the CSR Committee, based on reasonable justification to that effect.
- The CSR Committee shall assign the task of implementation of the CSR Plan within specified budgets and time frames to such persons or bodies as it may deem fit and ensure implementation thereof.
- The CSR Committee shall keep the Board apprised on the status of implementation of the CSR Programs. The report back shall include:
- summary of impact assessment report(s), if applicable, for the CSR Programs.
- in case of ongoing CSR Programs (having time schedule of 3 years or more), progress of their implementation with reference to approved timelines and year-wise allocation.
- The Chief Financial Officer shall confirm to the Board that the funds disbursed for CSR Programs are being utilized for the purposes and in the manner as approved by it and certify the same.
- The CSR Committee shall monitor the CSR Policy of OARPL from time to time.
CSR Expenditure
- OARPL shall endeavor to spend, in every financial year at least 2% of the average net profits made during the 3 immediately preceding financial years on CSR Programs in pursuance of this Policy. For this purpose, "average net profit" shall be calculated in accordance with provisions of Section 198 of the Companies Act, 2013, after deducting therefrom the dividends that may be received from companies in India which are covered under and complying with the provisions of Section 135 of the Companies Act 2013.
- OARPL shall give preference to the local area(s) in and around the offices in India.
- OARPL may spend up to 5% of its total CSR expenditure in one financial year towards administrative overhead expenses relating to the general management and administration of CSR functions in OARPL.
- Any surplus generated from CSR activities shall not form part of the business profits of OARPL and shall be utilised for CSR activities only.
- In case of an ongoing project, if any, the Board shall monitor the implementation of the project with reference to the approved timelines and year-wise allocation and shall make necessary modifications, if any, for smooth implementation of the project within the overall permissible time period. Any amount remaining unspent pursuant to any ongoing project shall be dealt with in the manner provided in the Act and CSR Rules.
- All reasonable efforts shall be made to ensure that the CSR amount so disbursed is fully utilised in the respective year in the manner as approved by the Board. However, if OARPL fails to spend such amount, the Board shall, in its report specify the reasons for not spending the amount and if OARPL has any unspent amount relating to ongoing projects, it shall open a special account, called ‘Unspent Corporate Social Responsibility Account’, for a financial year in any scheduled bank, to transfer such unspent amount to such account within 30 days (or such other period prescribed by applicable law) from the end of financial year and spend such amount towards its CSR obligations as per approved fund deployment schedule for such ongoing project, and in any event within such period as may be legally prescribed from to time.
- If there is any unspent amount which does not relate to any ongoing projects, OARPL shall transfer such unspent amount to any fund specified in Schedule VII of the Companies Act within 6 months of the end of the financial year, or such other period prescribed by applicable law. This requirement shall also be applicable to: (i) any amount set aside in the past years for ongoing projects which is not used within the legally prescribed time period, and transfer to the fund in Schedule VII is otherwise required under applicable law; or (ii) where amount set aside for any ongoing project is otherwise not used for such project, and the board of the Company decides that such amount would be transferred to one of the funds specified in Schedule VII of the Companies Act 2013.
- In case OARPL spends an amount in excess of the requirements of its CSR obligations in a financial year, such excess amount may be set-off against the CSR Expenditure for the next 3 financial years as per provisions of the CSR Rules.
- OARPL may spend its CSR amount for creation or acquisition of the capital asset as per provisions of the CSR Rules.
- A responsibility statement of the CSR Committee that the implementation & monitoring of CSR policy, is in compliance with CSR Objectives & policy of OARPL.
CSR COMMITTEE, REPORTING AND DISCLOSURE
a. CSR COMMITTEE:
- The CSR Committee shall have at least three members from the Board of Directors, out of which at least one director shall be an independent director.
- The CSR Committee shall undertake its statutory responsibilities under the Companies Act and the CSR Rules and any other matters that may be assigned to it by the Board and shall work under the oversight of the Board in this regard as per its terms of reference. The CSR Committee will be responsible for driving CSR initiatives of OARPL.
- The Board of Directors may review the Minutes of the CSR Committee Meetings at subsequent Board Meetings.
b. CSR REPORTING AND DISCLOSURE:
- The Board's Report of a Company covered under CSR act and rules pertaining to any financial year shall include an annual report on CSR containing particulars specified in Annexure II of Corporate Social Responsibility Rules, 2014.
- OARPL shall ensure the composition of the CSR committee, CSR Policy and Projects approved by the Board shall be displayed at OARPL website.
- OARPL shall furnish a report on Corporate Social Responsibility in Form CSR-2 every year to the Registrar as an addendum to FORM AOC-4 or AOC-4 XBRL or AOC-4 NBFC, as required.
- OARPL shall place the impact assessment report before the Board, and an executive summary of the impact assessment shall be annexed to the annual report along with a web link to access the complete impact assessment reports.
Impact Assessment
- OARPL shall undertake an impact assessment, through an independent agency, of their CSR projects having outlays of one crore rupees or more, and which have been completed not less than one year before undertaking the impact assessment study.
- OARPL undertaking impact assessment may book the expenditure towards Corporate social responsibility for that financial year, which shall not exceed two percent of the total CSR expenditure for that financial year or fifty lakh rupees, whichever is higher.
- The impact assessment reports shall be placed before the Board and executive summary of the impact assessment shall be annexed to the annual report.
Regulatory Reference
- Companies (Corporate Social Responsibility Policy Rules, 2014).
- Companies Act 2013.
Policy Update & Review
The Board of Directors, either on its own or as per the recommendations of CSR Committee, can amend this Policy, as and when required. The decision of the Board of Directors on all matters, relating to this Policy, shall be final and binding upon all concerned. This Policy is subject to continuous review and updates as required from time to time.
OARPL shall review & update (if required) this policy at least on an annual basis. OARPL shall ensure that the website of OARPL displays the updated version of the CSR Policy, Committee composition & projects approved.
In the event of any inconsistency between this Policy and the applicable laws, the applicable law will prevail.
- CSR Projects
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The CSR Projects approved by the Board of Directors for the financial year 2022-23 are:
- Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care, medical expenses and sanitation and making available safe drinking water.
- Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
- Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
- Fair Practice Code
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Introduction
Omkara Assets Reconstruction Private Limited (hereinafter referred to as OARPL), registered as an Asset Reconstruction Company with the Reserve Bank of India (RBI) under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), is predominantly engaged in the business of securitisation and reconstruction of financial assets acquired from Banks and Financial Institutions, as defined under Section 2(ba) of the SARFAESI Act. The stressed financial assets are acquired either in its own books or in Trusts floated by OARPL who also acts as an Investment Manager / Trustee for the trusts and subsequently resolve the said assets. In terms of the provisions of Section 7 of the SARFAESI Act, the Company can raise funds from Qualified Buyers (QB) for acquisition of financial assets by formulating schemes in the nature of Trusts and by offering Security Receipts (SRs) issued by the said Trust. QBs investing in the Trusts are issued Security Receipts (SRs) against their subscription to the schemes and such SRs represent the undivided right, title or interest of the SR holders in the financial assets acquired by the said Trust and OARPL holds the financial assets so acquired in trust for the benefit of the SR holders.
In its ordinary course of business, OARPL deals with multiple banks, financial institutions, investors, borrowers, guarantors, service providers etc. In order to maintain transparency and fairness in all its arrangements, OARPL has framed and adopted a Code in accordance with the RBI guidelines. This Code may be called “The Fair Practice Code” and shall come into force and become applicable from the date of approval by Board of Directors of OARPL.
Definition
The definitions of some of the key terms used in this Policy are as below:
- “OARPL” means Omkara Assets Reconstruction Private Limited.
- “SARFAESI” means Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
- “The Policy” or “this Policy” means the Fair Practice Code of OARPL.
- “Customer” means any borrower of OARPL and/or the securitisation trusts or others with a legal interest in the assets or loans managed by OARPL. It includes any person having some form of business relationship with OARPL, i.e., borrowers of OARPL or buyers of the collateral assets or buyers of the financial assets (e.g., other ARCs purchasing financial assets from OARPL), etc.
Objective and Scope
The key objectives of the Policy are:
- To act fairly and reasonably in all dealings with stakeholders.
- OARPL will make every attempt to ensure that its customers have
a trouble-free experience in dealing with OARPL. However, in
case of errors and/or omissions:
- It shall deal with the errors promptly and effectively.
- Provide grievance redressal in a quick and efficient manner to the satisfaction of the customers.
- Prompt handling of complaints.
- To implement the Direction issued by the Reserve Bank of India (RBI) on Fair Practices Code for Asset Reconstruction Companies vide Notification No. DOR.NBFC(ARC) CC. No. 9/26.03.001/2020-21 dated 16th July 2020 or any other circulars issued by RBI from time to time.
- This Code intends to provide a framework to ensure that OARPL is rational and meets the regulatory specifications while performing its obligations.
Fair Practices
I. Acquisition of Financial Assets
- Acquisition of financial assets made by OARPL shall be in compliance with all applicable laws, rules, regulations, and other functions prescribed under the SARFAESI Act, as well as other applicable laws, guidelines, and directions issued by the RBI from time to time.
- OARPL also adheres to its Board approved Policy on Acquisition of Assets framed in accordance with the SARFAESI Act and RBI Directions and Guidelines in the acquisition process.
- OARPL commits to follow a transparent and non-discriminatory practice in the acquisition of financial assets. Further, the financial assets shall be acquired from selling banks or financial institutions on an arms’ length basis, where the acquisition price shall be derived based on the acquisition policy of OARPL.
II. Resolution of Financial Assets
OARPL has in place a Board approved ‘Resolution Policy of Financial Assets’. The stressed assets acquired by OARPL are resolved in accordance with the same. Attempts are first made to resolve the account in the hands of original/existing promoters. For resolution, OARPL shall follow all the resources available under its legal framework and formulate a suitable strategy to resolve the financial assets acquired by it in accordance with the Resolution Policy of Financial Assets as approved by its Board.
III. Engagement of Recovery Agents
For recovery/resolution of stressed assets, OARPL shall ensure that the borrower is treated fairly and without prejudice. Further, it shall ensure that the staff are adequately trained to deal with the customers in an appropriate manner. For the cases which are outsourced to Recovery Agents, OARPL has a policy specifying the ‘Code of Conduct for Recovery Agents’ duly approved by the Board, ensuring that the Code of Conduct is strictly adhered to by the Recovery Agents.
OARPL shall ensure that recovery agents are properly trained to handle their responsibilities with care and sensitivity, particularly in respect of aspects such as hours of calling, privacy of customer information, etc. OARPL will further ensure that recovery agents do not induce adoption of uncivilized, unlawful, and questionable behavior or recovery process. OARPL, as principal, shall remain responsible for the actions of the recovery agents appointed by it.
IV. Sale of Secured Assets
OARPL shall maintain transparency and fairness in the sale of secured assets and shall abide by all applicable laws and rules. Omkara ARC shall undertake the following:
- Invitation for participation in auction of secured assets wherever necessary shall be publicly solicited as per the SARFAESI Act, 2002, to enable participation of as many prospective buyers as possible.
- Terms and conditions of such sale, wherever required, may be decided in wider consultation with holders of Security Receipts issued under the respective Trust (formed under the Indian Trust Act, 1881) and as per the SARFAESI Act, 2002.
- The spirit of Section 29A of the Insolvency and Bankruptcy Code, 2016 shall be followed while dealing with prospective buyers of the secured assets, provided that the rights and obligations bestowed by the provisions of the SARFAESI Act as well as other applicable Acts are also adhered to. An Undertaking to this effect shall be taken from the bidder.
V. Release of Securities & Guarantees
- OARPL will release all securities including guarantees only on receipt and realization of entire outstanding dues or settlement amount of the loan, subject to any legitimate right or lien for any other claim that OARPL or other creditors may have against the borrower/guarantor.
- OARPL shall return to the borrower all the securities, documents, title deeds of mortgaged property, and issue a no-due certificate without any delay after receipt of all the outstanding dues.
VI. Management Fees, Incentives, and Expenses
OARPL shall charge/claim Management Fees, Incentives, and Expenses from the respective Trust formed under Section 7 of the SARFAESI Act, in accordance with the terms of assignment of the financial assets as agreed by the seller bank/financial institution and prospective holders of SRs.
OARPL shall ensure that the aforesaid management fees/incentives/expenses/yields on SRs and upside income shall be calculated and recognized as per the income recognition norms stipulated by RBI from time to time. OARPL shall ensure that the management fees/incentives claimed from the trusts under its management are reasonable and proportionate to the size and tenure of the transaction as duly negotiated and approved by the stakeholders. All expenses, fees, incentives, and any other financial terms shall be recorded in the Assignment Agreement.
VII. Outsourcing of Activities
OARPL has in place a comprehensive ‘Outsourcing Policy’ approved by the Board which lays down the criteria for selection of such activities to be outsourced as well as service providers, delegation of authority depending on risks and materiality, and systems to monitor and review the operations of these activities/service providers. The Policy ensures that the outsourcing arrangements neither diminish the ability of OARPL to fulfill its obligations to the clients and the RBI nor impede effective supervision by RBI.
Any outsourced agency, if owned/controlled by a director of OARPL, shall be disclosed as per RBI Guidelines. The activities outsourced by OARPL will continue to be governed by the provisions of the existing Policy.
VIII. Grievance Redressal Mechanism
OARPL has in place a Board approved ‘Grievance Redressal Policy’ and the time frame to resolve the complaints lodged by the stakeholders has been decided by the Board of Directors in the said policy, and the Grievance Redressal Officer has been designated who shall ensure that the grievances are resolved within the given time frame.
IX. Record Management
OARPL shall maintain proper records of recovery-related communication with customers.
X. Confidentiality
- OARPL shall maintain complete confidentiality of all the information acquired by it during the course of its business functions.
- Unless authorized by the borrower, OARPL will treat the borrower’s personal information as private and confidential.
- OARPL shall not reveal the information of the borrowers that it
acquires in the course of business to any other persons except
under the following circumstances:
- If OARPL is required to provide the information as required by law.
- If arising out of a duty to the public to reveal the information.
- If the borrower has permitted OARPL to provide such information.
- Recovery agents shall be sensitized on matters related to recovery of dues and follow the RBI guidelines.
XI. Regulatory References
Circular on Fair Practices Code for Asset Reconstruction Companies dated July 16, 2020.
XII. Policy Review and Update
The Fair Practice Code will be displayed on the website of OARPL for the information of all stakeholders. The Fair Practice Code shall be reviewed and updated as and when there is any change in any legal and/or regulatory framework or at least annually for incorporating regulatory updates and changes, if any. The Code, after such review, shall be placed before the Board of Directors of OARPL for necessary directions and approval.
- Whistle Blower
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1. Whistle Blower and Vigil Mechanism View
- List of Wilful Defaulter
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Sr. No. Name of Account Outstanding Amount 1 C. Mahendra Exports Limited Rs. 3,884.34 lakhs as on 24th September, 2018 2 Guna Cabinets Rs. 1,713.30 lakhs as on 23rd March, 2017 3 Hydroair Tectonics (PCD) Limited Rs. 1,430.58 lakhs as on 30th September, 2018 4 MEP Cotton Private Limited Rs. 1558.36 lakhs as on 29th May, 2018 5 Pacific Hospitals Private Limited Rs. 2,428.80 lakhs as on 18th February, 2019 6 S. V. Anitha Rs. 153.00 lakhs as on 23rd March, 2017 7 Sai Ansh Gold House Private Limited Rs. 4,903.00 lakhs as on 1st December, 2017 8 Shaifali Rolls Limited Rs. 505.40 lakhs as on 28th February, 2018 9 Shekhawati Poly Yarn Limited Rs. 338.46 lakhs as on 28th November, 2018 10 Shubhankar Mercantile Private Limited Rs. 2,777.00 lakhs as on 1st December, 2017 11 Sumeet Appliances Private Limited Rs. 174.00 lakhs as on 1st December, 2017 12 Vishal Exports Overseas Limited Rs. 4977.70 lakhs as on 28th February, 2018 13 Viswa Cottons Rs. 436.12 lakhs as on 17th June, 2017 14 Viswaa Processing Mill Rs. 437.28 lakhs as on 17th June, 2017
- Annual Return
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Sr. No. Name File 1 Annual Return MGT-7 View
- Customer Service
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- PAY ONLINE
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We are in process of setting up the online payment gateway.
- OMBUDSMAN SCHEME
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PRINCIPAL NODAL OFFICER
NAME – Mr. Ajeet N. Taparia
TELEPHONE NO. – (022) 6923 1111
E-MAIL ID – grievances@omkaraarc.com
- Information on secured assets possessed under SARFAESI Act 2002
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1. September 2024 View