50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
86
Subsidiaries
Joint Venture
Associate Company
Indian Institute of Gems & Jewellery, Jaipur
Not Applicable
The Gem and Jewellery Skill Council of India (45.45%
shareholding)
Indian Institute of Gems & Jewellery, Andheri
India Diamond Trading Centre (50% management de-
cision)
Indian Institute of Gems & Jewellery, Delhi
Indian Institute of Gems & Jewellery Kolkata
G&J KYC Information Centre
Sr. No Name of the Director
Date of Appointment
Date of Cessation
1
Shri Vipul Shah
27.10.2015
2
Shri Suresh Shah,
27.10.2015
3
Shri Colin Shah,
27.10.2015
4
*
Shri Ajesh Mehta,
27.10.2015
27.10.2015
5
*
Shri Nirav Bhansali,
27.10.2015
27.10.2015
6
*
Shri Saunak Parikh
27.10.2015
27.10.2015
7
Shri Sanjay Kothari,
27.10.2015
8
Dr. Nawal Kishore Agarwal,
27.10.2015
9
Shri Sudhir Kasliwal,
27.10.2015
10
Shri Ashok Singhi,
27.10.2015
11
Shri Siddharth, Govt. Nominee,
27.10.2015
12
Shri Praveenshankar Pandya
27.10.2015
13
Shri Russell Mehta
27.10.2015
14
Shri Anil Virani
27.10.2015
15
Shri Sanjay Shah
27.10.2015
16
Shri Kirit Bhansali
27.10.2015
17
Shri Dilip Shah
27.10.2015
18
Shri Manish Jivani
27.10.2015
19
Shri Mansukh Kothari
27.10.2015
20
Shri K Srinivasan
27.10.2015
21
Shri Balram Garg
27.10.2015
22
Shri Kishandas Maheshwari
27.10.2015
A report on the performance and financial position of each
of the subsidiaries, joint ventures and associate, as per the
Companies Act, 2013, is provided in
Form AOC-1
as an
An-
nexure II
of this report.
1.
COMMITTEES:
Details of sub-committees in Council have been provided in
Annual Report.
2.
MATERIAL CHANGES AFFECTING FINANCIAL
POSITION OF THE COUNCIL:
There have been no material changes and commitments, if
any, affecting the financial position of the Council which have
occurred between the end of the financial year of the Council
to which the financial statements relate and the date of this
Report.
3.
RISK MANAGEMENT:
The Committee of Administration (CoA) has duly identified
risk(s) associated with the operation and functioning of the
Council. The CoA reviews the operation and financial position,
from time to time.
4.
DETAILS OF CHANGE IN DIRECTORS AND KEY
MANAGERIAL PERSONNEL:
During the year under review, the following were changes in
the Directors of the Council vide the process of election to the
Committee of Administration
