Page 67 - CJ 2019 INTEGRATED REPORT

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The Audit & Risk Committee has recommended their their re-appointment as as as external external auditors on on the the the the basis of their their continued performance effectiveness and independence An external external audit audit audit tender will be launched for for the the the the year 2020 audit exercise The external auditors are free to to to meet meet the the the the the the the Audit & Risk Committee without the the the the the the the presence of of management should they wish to to to do so No No such meeting was required during the the the the the the the the year under review Nonetheless the the the the the the the the Chairman of of the the the the the the the the Audit Audit & Risk Committee regularly consults the the the External Audit Audit Partner The fees paid to to the the External Auditors for audit and other services were as follows:
The Group Year 2019 Rs 000 Audit 8 8 348
Non-Audit 3 477 Total 11 825
The non-audit fees relate to tax compliance and training expenses Year 2018 Rs 000 7 594
3 706 11 300
The Company Year 2019 Rs 000 1 447
49 1 496
Year 2018 Rs 000 1 340
2 741 4
081
When the the the the services services services of of o the the the the External Audit Firm are are solicited for providing non-auditing services services services the the the the Board ensures that that that such non-audit non-audit services services services are are are provided by a a a a a a a a a a a a a a a a a a team team of of o officers that that that is completely independent from the the the the the external audit audit team team to to ensure that that that the Auditor’s objectivity and independence are are safeguarded PRINCIPLE 8 - RELATIONS WITH SHAREHOLDERS AND OTHER KEY STAKEHOLDERS
Ownership Structure
The The stated capital of of of of the the Company Company is made up of of of of 297 000 Ordinary Shares of of of of Rs 100 each The The shareholding structure of of of the the Company Company as as as at at 31 December 2019 was as as as set out below:
99 75%
62 95%
37 05%
0 25%
CURRIMJEE JEEWANJEE AND COMPANY LIMITED
CURRIMJEE JEEWANJEE PROPERTIES LTD
INTEGRATED REPORT
2019 CURRIMJEE LIMITED
(FORMERLY KNOWN AS FAKHARY LIMITED)