Ashok leyland annual report 2014 15

Suitable disclosures as required under AS have been made in Note 3. There were no materially significant transactions with Related Parties during the financial year which were in conflict with the interest of the Company.

Hinduja said Ashok Leyland plans to be one among the top 10 truck makers globally over the next five years, adding the firm is encouraged by the growing acceptance of its new truck models in the overseas markets. Information provided to management is reliable and timely, and statutory obligations are adhered to.

The Secretarial Audit report does not contain any qualification, reservation or adverse remark. In effect, the combined effect of economy, industry, segmental behavior, regulations and taxes pulled down medium and heavy commercial vehicle to end the current financial year at the same level as that of previous year.

Your Company has put in significant focus on Leadership Development by introducing and sustaining Leadership programs to build a healthy talent pipeline who are Agile, Enabled and Empowered with global outlook. The Appointed Date for the scheme of amalgamation was October 1, In January, for the first time in its history, the firm announced a voluntary retirement scheme, and close to people in executive jobs opted for the scheme.

The references to specific sections of the Companies Act, in the existing Articles of Association may no longer be in conformity with the Companies Act, During the year, Hinduja Leyland Finance Limited HLFL became a material subsidiary since the net worth of HLFL in the immediately preceding accounting year exceeded twenty percent of the consolidated net worth of the Company and its subsidiaries.

An overseas expansion strategy is also starting to take shape with the company looking to diversify into geographies beyond South Asia, to include countries in the Middle East, Africa, South-East Asia, Latin America and the Commonwealth of Independent States Russia, Ukraine, Belarus and others.

Ashok Leyland

Focus on right staffing and skilling in identified international markets was given greater emphasis in line with the goal of spreading the organizationRs,s global footprint. In view of the above, it is proposed to amend the existing Articles of Association to align it with the provisions of Companies Act, including the Rules framed there under and adoption of specific sections from Table F to Schedule I to the Companies Act, which sets out the model articles of association for a company limited by shares.

ASHOK LEYLAND VEHICLES LIMITED

Business Leader Program is now sharpened to coach and nurture leaders. As a part of the restructuring and settlement agreements, the Company acquired the entire shareholdings from NML in the subsidiary and joint venture companies resulting in all the three companies becoming wholly owned subsidiaries of your Company.

The terms and conditions of appointment of the Independent Directors are placed on the website of the Company http: The references to specific sections of the Companies Act, in the existing Articles of Association may no longer be in conformity with the Companies Act, During the yearthere has been no exercise of stock options.

The resolutions seeking approval of the members for the re-appointment of Mr. Pursuant to the provisions of Section 14 of the Companies Act,read with the Rules framed there under, amendment of Articles of Association requires approval of shareholders by way of special resolution and the resolution is placed before the shareholders at the forthcoming Annual General Meeting.

The focus was on Recruiting for Excellence - a strategy for Talent Acquisition from campuses of key institutes aimed at better industry institute collaboration and building sustained relationships with them.

He also, holds the position of Head of Islamic Division Al-safa. Dheeraj G Hinduja, Chairman and appointment of Mr. Pursuant to the provisions of Section 14 of the Companies Act,read with the Rules framed there under, amendment of Articles of Association requires approval of shareholders by way of special resolution and the resolution is placed before the shareholders at the forthcoming Annual General Meeting.

During the yearthere has been no exercise of stock options.

Directors Report of Ashok Leyland Ltd.

We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting the "Guidance Note" issued by the Institute of Chartered Accountants of India and the Standards on Auditing deemed to be prescribed under Section 10 of the Companies Act,to the extent applicable to an audit of internal financial controls.

During the year under review Ashok Leyland UK Limited has initiated the process of voluntary winding up. Focus on right staffing and skilling in identified international markets was given greater emphasis in line with the goal of spreading the organizationRs,s global footprint.

All the Directors and the Senior Management personnel have affirmed in writing their compliance with and adherence to the Code of Conduct adopted by the Company.

Ashok Leyland Ltd

Highlights of performance are discussed in detail in the Management Discussion and Analysis Report attached as Annexure E to this Report. The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements; ii. The Board wishes to place on record its appreciation for the valuable contributions made by him to the Board and the Company during his long tenure.

There were no materially significant transactions with Related Parties during the financial year which were in conflict with the interest of the Company.

People Management Capability Program Workshop followed by 90 days coaching intervention for all People Managers was aimed to enable our managers to better impact their teams.

In effect, the combined effect of economy, industry, segmental behavior, regulations and taxes pulled down medium and heavy commercial vehicle to end the current financial year at the same level as that of previous year.

The said financial information of the amalgamating company, has been audited by other auditor whose report has been furnished to us, and our opinion in so far as it relates to the amounts and disclosures included in respect of the amalgamating company and our report in terms of sub-sections 3 and 11 of Section of the Act, in so far as it relates to the amalgamating company, is based solely on the report of the other auditor.

Ashok Leyland

The Policy intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions between the Company and Related Parties. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company''''s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, The Company has provided requisite disclosures in the standalone financial statements as regards its holding and dealings in Specified Bank Notes as defined in the Notification S.

Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Highlights of performance are discussed in detail in the Management Discussion and Analysis Report attached as Annexure E to this Report.Ashok Leyland – The year () in brief The market was in decline in the year however Ashok Leyland maintained its market ltgov2018.com Leyland Industries Annual Report 15 It.

Ashok_Leyland_Annual_Report_pdf. Ashok Leyland Proxy & Attendance Slip. Ashok_Leyland_Proxy_<gov2018.com Financials of Subsidiary Companies.

Ashok Leyland-Nissan LCV JV’s loss widens

Albonair INDIA Albonair GMBH AL CHILE AL NIGERIA AL UAE AL UK GAML GTVS. Annual Report Ashok-Leyland-Admission-Slip-and-Proxy-Form Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs). adventz provides details of company’s directors reports for the Indian stock markets adventz - Zuari Finserv Private Limited.

From March 29, Nissan Ashok Leyland Powertrain Limited Nissan Ashok Leyland Technologies Limited Key management personnel Mr. Vinod K Dasari, CEO and Managing Director This preview has intentionally blurred sections. The sales of Ashok Leyland for the month of September recorded 27% growth as 9, units were sold against 7, sold units sold in September

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Ashok leyland annual report 2014 15
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