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Committees of The Board

Committees of The Board

Audit & Risk Management Committee

Audit & Risk Management Committee has been constituted under section 177 of the Companies Act, 2013 and as per the Master Circular “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015 of the Reserve Bank of India. The Audit and Risk Management Committee assist the Board of the Company in monitoring the overall risk management framework, the financial reporting systems, the compliance processes and overseeing the overall integrity and responsibilities regarding financial statements and internal controls of the Company.

Composition of Audit & Risk Management Committee
Sr. No. Name of the Director Designation
1 Dr. Sankar Datta Chairman
2 Dr. Tapan Kumar Mukhopadhyay Member
3 Mr. Kuldip Maity Member

Nomination And Remuneration (NRC) Committee

Nomination and Remuneration Committee has been constituted under Section 178 of the Companies Act 2013. It is one of the pivotal committees responsible for putting in place befitting parameters and criterias for determining qualifications, positive attributes and independence of a director and recommends the Board on the policy relating to the remuneration of Directors, Key Managerial Personnel and other employees. It also assists the Board to evaluate board's competence in achieving the company's objectives and alignment with the overall strategy.

Composition of Nomination and Remuneration Committee
Sr. No. Name of the Director Designation
1 Mr. Pradipta Kumar Jena Chairman
2 Dr. Sankar Datta Member
3 Mr. Ajit Kumar Maity Member

Corporate Social Responsibility (CSR) Committee

Corporate Social Responsibility (CSR) Committee has been constituted under Section 135 of the Companies Act 2013. It is responsible for formulatingpolicy related to planning, managementand recommendationto the Board about the CSR activitiesto be undertaken by the Company along with amount of expenditure incurred / to be incurred in such activities and evaluating it from time to time.It is also responsible for implementation and execution of CSR initiatives/ activities vide a transparent monitoring mechanism including reviewing the performance of the Company in the areas of CSR and monitoring CSR Policy.

Composition of Corporate Social Responsibility (CSR) Committee
Sr. No. Name of Members Designation
1 Dr. Sankar Datta Chairman
2 Mr. Kuldip Maity Member
3 Dr. Tapan Kumar Mukhopadhyay Member

Information Technology (IT) Strategy Committee

IT Strategy Committee has been constituted under RBI Master DirectionsInformation Technology Framework for the NBFC Sector for formulation and managing IT Governance, IT Policy, Information & Cyber Security, IT Operations, IS Audit, Business Continuity Planning and IT Services Outsourcing. define a framework in order toenhance safety, security, efficiency in processes leading to benefits for the Company and itsborrowers. More precisely, this committee guidesboard towards alignment of IT with the business to meet the strategic objectives of the Company for ensuring business continuity.

Composition Of Information Technology (IT) Committee
Sr. No. Name of Members Designation
1 Mr. Pradipta Kumar Jena Chairman
2 Mr. Kuldip Maity Member
3 Mr. Arindam Chakraborty Member (CTO)
4 Mr. Nikhil Agarwal Member (CIO)

Asset Liability Committee

Asset Liability Committee oversee the management of a company’s assets and liabilities for effectively evaluating on and off-balance sheet risk to the Company along with ensuring adequate liquidity.The Committee acts as a supervisory group that coordinates the management of assets and liabilities with a goal of earning adequate returns.

Composition of Asset Liability Committee
Sr. No. Name of Members Designation
1 Mr. Kuldip Maity Chairman
2 Mr. Bijay Indra Member

Borrowing & Investment Committee

The Borrowing and Investment Committee carries out the Board’s overall responsibility with respect to defining strategies and oversee the effectiveness and materiality of the fund requirements and investment activities of the Company. The Committee also oversee the Company's evaluation of contemplated investments and also financial portfolios including developing policies and monitoring compliance with those policies as they relate to the organization’s borrowing and investment portfolio.

Composition of Borrowing & Investment Committee
Sr. No. Name of the Director Designation
1 Mr. Ajit Kumar Maity Chairman
2 Mr. Kuldip Maity Member

Securities Allotment Committee

Securities Allotment Committee has been constituted under Section 177 of the Companies Act 2013. It analyses the requirement of capital and settling the modes and basis for the same and also monitors the post issuance formalities as per the applicable rules and regulations from time to timesubject to the provisions of Memorandum and Articles of Association of the Company in accordance with the law.

Composition of Securities Allotment Committee
Sr. No. Name of the Director Designation
1 Mr. Ajit Kumar Maity Chairman
2 Dr. Sankar Datta Member
3 Mr. Kuldip Maity Member