Atul Ltd 2010-11

Atul Ltd | Annual Report 2010-11 8. Details of compliance with the mandatory requirements and extent of compliance with non-mandatory requirements i) Compliance with the mandatory requirements The Company complied with the mandatory requirements of the Code of Corporate Governance as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges. ii) Extent of compliance with the non-mandatory requirements The Company complies with the following non-mandatory requirements: Remuneration Committee set up by the Board Moving towards unqualified financial statements 9. Role of the Company Secretary in overall governance process All the Directors have access to the suggestions and services of the Company Secretary | Secretarial department in ensuring an effective functioning of the Board and its Committees. The Company Secretary administers, attends and prepares minutes of the Board and the Committee proceedings in accordance with the statutory requirements as well as the norms of Corporate Governance. 10. Certification by CEO and CFO Mr S S Lalbhai, Chairman & Managing Director and Mr T R Gopi Kannan, President, Finance & Company Secretary, issued a certificate to the Board as prescribed under sub-clause V of Clause 49 of the Listing Agreement. The said certificate was placed before the Board at the meeting held on May 13, 2011 in which the accounts for the year ended March 31, 2011 were considered and approved by the Board. 11. Certification by the Statutory Auditors Certificate from the Statutory Auditors of the Company, Dalal & Shah, Chartered Accountants, regarding compliance of conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement is enclosed. 12 Declaration by the Chairman & Managing Director In accordance with Clause 49 I D of the Listing Agreement with the Stock Exchanges, all the Directors and senior management personnel have, respectively, affirmed compliance with the Code of Conduct as approved and adopted by the Board. For Atul Ltd Mumbai Sunil S Lalbhai May 13, 2011 Chairman & Managing Director