16 Apr 2007 15:55
Subex Azure Limited16 April 2007 QUARTERLY COMPLIANCE REPORT ON CORPORATE GOVERNANCE NAME OF THE COMPANY : SUBEX AZURE LIMITED (formerly Subex Systems Limited ) QUARTER ENDING ON : 31-March-2007 CLAUSE OF LISTING COMPLIANCE STATUS AGREEMENT ( YES/NO) REMARKSPARTICULARS 1 2 3 4 I. Board of Directors 49 I(A) Composition of Board 49(IA) Yes(B) Non-executive Directors compensation and 49(IB) Yesdisclosures( C ) Other provisions as to Board and Committees 49(IC) Yes(D)Code of Conduct 49(ID) Yes II. Audit Committee 49 II(A)Qualified & Independent Audit Committee 49(IIA) Yes(B) Meeting of Audit Committee 49(IIB) Yes( C ) Powers of Audit Committee 49(IIC) Yes( D)Role of Audit Committee 49(IID) Yes(E) Review of Information by Audit Committee 49(IIE) Yes III. Subsidiary Companies 49(III) Yes IV. Disclosures 49(IV)(A)Basis of related party transactions 49(IVA) Yes(B) Board Discussions 49(IVB) Yes( C )Proceeds from public issues, rights issues , 49(IVD) Yespreferential issues etc( D)Remuneration of Directors 49(IVE) Yes Disclosure have been made for the first time in the Annual Report 2000-01 & continued thereafter.(E) Management 49(IVF) Yes(F)Shareholders 49(IVG) Yes V. CEO/CFO Certification 49(V) Yes VI. Report on Corporate Governance 49(VI) Yes Included in the Annual Report 2000-01 and continued thereafterVII. Compliance 49(VII) Yes This information is provided by RNS The company news service from the London Stock Exchange