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Board Appointed Committees of WBIDFC Ltd.

ABOUT US >> Governance >> Committees

A. Audit Committee

Formed u/s 292A of the Companies Act, 1956 and comprises three Directors of WBIDFC Ltd. including the Managing Director.

B. Credit Committee

Formed under the Loan Policy of WBIDFC Ltd. as approved by the Board and comprises the Managing Director,
Chief Financial Officer, Head – Credit & Investment , Adviser and the Company Secretary.

C. Investment Committee

Formed under the Investment Policy of WBIDFC Ltd. as approved by the Board and comprises the Managing Director,
Chief Financial Officer, Head – Credit & Investment , Adviser,Company Secretary and one Accounts Officer.

D. Purchase Committee

Formed under the Purchase Policy of WBIDFC Ltd. as approved by the Board and comprises the Managing Director,
Chief Financial Officer, Company Secretary, Estate Manager and one Accounts Officer.

E. Bond Transfer Committee

Formed under the approval of the Board and comprises the Managing Director,
Chief Financial Officer, Company Secretary and one Accounts Officer.


F. Asset- liability Committee (ALCO)

Formed by the Board in compliance of RBIguidelines and comprises the Chairman, Managing Director,
Chief Financial Officer, Head - C & I and Company Secretary.


G. Information Security Management System (I.S.M.S) Forum

Formed by the Board under the ISMS Policy of WBIDFC and comprises the
Chief Financial Officer, the Head-C&I, Chief Technology Officer, and the Company Secretary.


In addition to the above five Board-appointed Committees, WBIDFC’s ‘Corporate Governance’ policy always lays importance on committee approach. Majority of the important decisions of the Company are taken after discussions among the top management of the Company.

 

 

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