Green Squares is incorporated as a public limited
company and its capital is raised through issue of
share certificates to investors. As the first step,
the company is proposing to issue 400 shares worth
Rs. One Lakh each, thus collecting an amount of Rs.
4 Crores.
The company will have a Director Board comprising
of 6 Executive Directors, including the Chairman,
Managing Director and 4 Directors chosen from the
investors. The Director Board will convene meetings
every month to guide the operations of the company
and to take policy decisions. The investors can take
part in the Annual' General Meeting (AGM) and in the
formulation of various policies. A detailed financial
report, verified and countersigned by government auditing
departments will be handed over to the investors prior
to the AGM. It will also include reports on dividends
they are entitled to get.
There will be a panel of advisors and a panel of
consultants to help the Director Board in taking decisions
and policies. The head quarters of Green Squares will
be based in Tirur and will soon have its own premises
as its operational office.