ICICI Bank 2013 Annual Report Download - page 40

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IMPLEMENTATION OF CIRCULAR ISSUED BY MINISTRY OF CORPORATE AFFAIRS ON
“GREEN INITIATIVES IN CORPORATE GOVERNANCE”
The Bank has implemented the ‘Green Initiative’ as per Circular No. 17/2011 dated April 21, 2011 and
Circular No. 18/2011 dated April 29, 2011 issued by the Ministry of Corporate Affairs (MCA) to enable
electronic delivery of notices/documents and annual reports to shareholders and effected electronic
delivery of Notice of Annual General Meeting (AGM) and Annual Reports for the years ended March
31, 2011 and March 31, 2012 to those shareholders whose email addresses were registered with the
respective Depository Participants (DPs) and downloaded from the depositories, namely, National
Securities Depository Limited (NSDL)/Central Depository Services (India) Limited (CDSL). Securities and
Exchange Board of India (SEBI) have also in line with the MCA circulars and as provided in Clause 32 of
the Listing Agreement executed with the stock exchanges, permitted listed entities to supply soft copies
of full annual reports to all those shareholders who have registered their email addresses for the purpose.
Your Directors are thankful to the shareholders for actively participating in the green initiative and seek
your continued support for implementation of the green initiative.
DIRECTORS’ RESPONSIBILITY STATEMENT
The Directors confirm:
1. that in the preparation of the annual accounts, the applicable accounting standards have been
followed, along with proper explanation relating to material departures;
2. that they have selected such accounting policies and applied them consistently and made judgements
and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs
of the Bank at the end of the financial year and of the profit of the Bank for that period;
3. that they have taken proper and sufficient care for the maintenance of adequate accounting records, in
accordance with the provisions of the Banking Regulation Act, 1949 and the Companies Act, 1956 for
safeguarding the assets of the Bank and for preventing and detecting fraud and other irregularities; and
4. that they have prepared the annual accounts on a going concern basis.
ACKNOWLEDGEMENTS
ICICI Bank is grateful to the Government of India, RBI, SEBI, IRDA and overseas regulators for their
continued co-operation, support and guidance. ICICI Bank wishes to thank its investors, the domestic and
international banking community, rating agencies and stock exchanges for their support.
ICICI Bank would like to take this opportunity to express sincere thanks to its valued clients and customers
for their continued patronage. The Directors express their deep sense of appreciation of all the employees,
whose outstanding professionalism, commitment and initiative has made the organisation’s growth and
success possible and continues to drive its progress. Finally, the Directors wish to express their gratitude
to the Members for their trust and support.
For and on behalf of the Board
K. V. Kamath
May 13, 2013 Chairman
Compliance with the Group Code of Business Conduct and Ethics
I confirm that all Directors and members of the senior management have affirmed compliance with Group
Code of Business Conduct and Ethics for the year ended March 31, 2013.
Chanda Kochhar
Managing Director & CEO
May 13, 2013
Directors’ Report