The 13th Board of Directors meeting of Bhubaneswar Smart City Limited (BSCL) was held at the State Secretariat on Thursday under the chairmanship of Development Commissioner Asit Tripathy, who is also Chairman of BSCL.
The board approved induction of chartered accountant Siva Prasad Padhi and Dr Sarat Kumar Acharya into the board for three years as Independent Directors.
The board discussed issues like audit, accounts and budget proposal for the company for the financial year 2019-20 amounting to Rs 495.50 crore. It can be mentioned here that during the 12th board meeting on March 28 this year, interim budget provision amounting to Rs 71.33 crore was approved by the board for expenditure during the first quarter (Q1) of the financial year 2019-20.
The board also discussed about organising an annual general meeting of the shareholders of BSCL on August 17. It also discussed adoption of IndAS, suggested by IndAS Technical Facilitation Group (ITGF) of Institute of Chartered Accountants of India for better financial accounting standards. Among others, Board Directors, Principal Secretary Finance Department Ashok K Meena, Principal Secretary Housing and Urban Development Department G Mathivathanan, Secretary Energy Department Hemant Sharma, Police Commissioner Satyajit Mohanty, Special Secretary General Administration Girish SN and Special Secretary Housing and Urban Development Prem Kumar Jha were present.