Atul Ltd 2012-13

39 3.3.03 Meetings and Attendance During the year two meetings were held: Number Name Total Attended 1 Mr R A Shah 2 2 2 'U 6 6 %DLMDO 2 2 3 Mr S M Datta 2 2 4 Mr S S Lalbhai 2 2 5 Mr B S Mehta 2 2 The Board notes the minutes of the Investment Committee meetings. 3.4 Remuneration Committee 3.4.01 Role L 'HWHUPLQLQJ RQ EHKDOI RI WKH %RDUG DQG WKH 0HPEHUV SROLF\ RI WKH &RPSDQ\ RQ VSHFLÀF UHPXQHUDWLRQ SDFNDJHV IRU WKH &KDLUPDQ DQG 0DQDJLQJ 'LUHFWRU WKH 0DQDJLQJ 'LUHFWRU DQG ([HFXWLYH 'LUHFWRUV LL 'HWHUPLQLQJ WKH UHPXQHUDWLRQ RI WKH ([HFXWLYH 'LUHFWRUV EDVHG RQ LQGLYLGXDO SHUIRUPDQFH TXDOLÀFDWLRQV H[SHULHQFH WKH &RPSDQ\ SHUIRUPDQFH DQG FRPSDUDEOH LQGXVWU\ SUDFWLFHV DPRQJ RWKHUV 3.4.02 Composition 7KH &RPPLWWHH FRPSULVHV WKUHH 0HPEHUV $OO WKH 0HPEHUV DUH 1RQ H[HFXWLYH DQG ,QGHSHQGHQW 'LUHFWRUV Number Name Designation 1 0U + 6 6KDK Chairman 2 Mr G S Patel Member 3 'U 6 6 %DLMDO Member 3.4.03 Meetings and Attendance No meeting was held during the year. 4. Subsidiary Companies Registered in India As on March 31, 2013, the Company had two wholly-owned non-material Indian unlisted subsidiary companies, namely, $PHHU 7UDGLQJ &RUSRUDWLRQ /WG DQG $WXO %LRVFLHQFH /WG DQG DQRWKHU ,QGLDQ XQOLVWHG MRLQW YHQWXUH VXEVLGLDU\ FRPSDQ\ QDPHO\ $WXO 5DMDVWKDQ 'DWH 3DOPV /WG 7KH ÀQDQFLDO VWDWHPHQWV ZHUH UHYLHZHG E\ WKH $XGLW &RPPLWWHH _ %RDUG 7KH minutes of the meetings of all the subsidiary companies are placed before the Board. 5. Company Policies 5.1 Compliance &RPSOLDQFH FHUWLÀFDWHV FRQÀUPLQJ WKH GXH FRPSOLDQFH ZLWK WKH VWDWXWRU\ UHTXLUHPHQWV DUH SODFHG DW WKH %RDUG 0HHWLQJ for review by the Directors. A system of ensuring material compliance with the laws, orders, regulations and other legal requirements concerning the business and affairs of the Company is in place. Instances of non-compliance, if any, are DOVR VHSDUDWHO\ UHSRUWHG WR WKH %RDUG DQG VXEVHTXHQWO\ UHFWLÀHG 5.2 Code of Conduct At the Board Meeting, held on March 18, 2005, the Board approved the Code of Conduct applicable to the Directors and the senior management personnel. This Code of Conduct is available on the website of the Company: www.atul.co.in . $OO WKH 'LUHFWRUV DQG WKH VHQLRU PDQDJHPHQW SHUVRQQHO DIÀUPHG WKHLU FRPSOLDQFH ZLWK WKH &RGH RI &RQGXFW $ declaration to this effect signed by the Chairman and Managing Director forms a part of this Report. 6. Affirmation and Disclosure 7KHUH ZHUH QR PDWHULDOO\ VLJQLÀFDQW UHODWHG SDUW\ WUDQVDFWLRQV SHFXQLDU\ WUDQVDFWLRQV RU UHODWLRQVKLSV EHWZHHQ WKH Company and its Directors or the Management and their subsidiary companies or relatives, among others, during the \HDU WKDW PD\ KDYH D SRWHQWLDO FRQÁLFW ZLWK WKH LQWHUHVWV RI WKH &RPSDQ\ DW ODUJH $OO GHWDLOV UHODWLQJ WR ÀQDQFLDO DQG commercial transactions where the Directors may have a pecuniary interest are provided to the Board and the interested Directors neither participate in the discussion nor do they vote on such matters.