Atul Ltd 2012-13

35 2.6 Appointment | cessation during the year ¾ 5HVLJQHG 'U . $SDUDMLWKDQ UHVLJQHG IURP 'LUHFWRUVKLS DQG 0U 5 $ 6KDK UHVLJQHG DV DQ $OWHUQDWH 'LUHFWRU WR 'U . $SDUDMLWKDQ Z H I -DQXDU\ ¾ Appointed: Mr R A Shah was appointed as an Additional Director w.e.f. January 18, 2013. ¾ Ceased: Nil 2.7 Remuneration Number Name Remuneration during the year Sitting fees Salary and perquisites Commission Total ` ` ` ` Chairman and Managing Director 1 Mr S S Lalbhai ² 95,88,514 1,92,82,070 2,88,70,584 Managing Director 2 Mr S A Lalbhai ² 58,25,909 63,34,176 1,21,60,085 Whole time Director 3 Mr B N Mohanan ² 62,14,330 10,90,000 73,04,330 Independent Directors 4 Mr G S Patel 2,00,000 ² 8,32,000 10,32,000 5 'U 6 6 %DLMDO 2,60,000 ² 9,36,000 11,96,000 6 Mr B S Mehta 2,60,000 ² 8,84,000 11,44,000 7 0U + 6 6KDK 1,20,000 ² 5,72,000 6,92,000 8 Mr S M Datta 1,40,000 ² 6,24,000 7,64,000 9 Mr V S Rangan 2,00,000 ² 7,80,000 9,80,000 10 Mr R A Shah 1,60,000 ² 6,24,000 7,84,000 6LWWLQJ IHHV FRQVWLWXWH IHHV SDLG WR 1RQ H[HFXWLYH 'LUHFWRUV IRU DWWHQGLQJ WKH %RDUG DQG &RPPLWWHH PHHWLQJV RI XS WR ` 20,000 per meeting. &RPPLVVLRQ WR 1RQ H[HFXWLYH 'LUHFWRUV ZDV DSSURYHG E\ WKH 0HPEHUV RI WKH &RPSDQ\ DW WKH $*0 KHOG RQ $XJXVW IRU D SHULRG RI ÀYH \HDUV HIIHFWLYH IURP $SULO XS WR RI WKH QHW SURÀWV RI WKH &RPSDQ\ 7KH %RDUG DSSURYHV ZLWKLQ WKH DIRUHVDLG OLPLW FRPPLVVLRQ SD\DEOH WR HDFK 1RQ H[HFXWLYH 'LUHFWRU 3. Committees of the Board The Board has constituted the following Committees: ¾ Audit Committee ¾ 6KDUH 7UDQVIHU DQG 6KDUHKROGHUV· _ ,QYHVWRUV· *ULHYDQFH &RPPLWWHH ¾ Investment Committee ¾ Remuneration Committee 3.1 Audit Committee 3.1.01 Role L $SSURYLQJ WKH DSSRLQWPHQW RI &KLHI )LQDQFLDO 2IÀFHU LL 5HYLHZLQJ _ 2YHUVHHLQJ WKH ÀQDQFLDO UHSRUWLQJ SURFHVV DQG WKH GLVFORVXUH RI ÀQDQFLDO LQIRUPDWLRQ WR HQVXUH WKDW WKH ÀQDQFLDO VWDWHPHQWV DUH FRUUHFW VXIÀFLHQW DQG FUHGLEOH LLL 5HYLHZLQJ PDWWHUV XQGHU WKH 'LUHFWRUV· 5HVSRQVLELOLW\ 6WDWHPHQW WR EH LQFOXGHG LQ WKH 'LUHFWRUV· 5HSRUW LQ WHUPV RI &ODXVH $$ RI 6HFWLRQ RI WKH &RPSDQLHV $FW LY 5HYLHZLQJ WKH IROORZLQJ LQIRUPDWLRQ PDQGDWRULO\