Atul Ltd 2016-17

41 4.6.2 Remuneration to the other Directors ( ` ) No. Particulars R A Shah S S Baijal B S Mehta H S Shah S M Datta V S Rangan M M Chitale S A Panse B R Arora Total amount 01. Non-executive Independent Directors a) Fee for attending the Board, the Committee and other meetings – 2,80,000 – 95,000 1,40,000 2,00,000 1,20,000 1,20,000 1,20,000 10,75,000 b) Commission – 13,60,000 – 5,17,000 7,20,000 11,20,000 8,00,000 8,00,000 8,00,000 61,17,000 Total 1 – 16,40,000 – 6,12,000 8,60,000 13,20,000 9,20,000 9,20,000 9,20,000 71,92,000 02. Non-executive Non-independent Directors a) Fee for attending the Board, Committee and other meetings 1,80,000 – 2,40,000 – – – – – – 4,20,000 b) Commission 7,80,000 – 9,60,000 – – – – – – 17,40,000 Total 2 9,60,000 – 12,00,000 – – – – – – 21,60,000 Total B = (1+2) 9,60,000 16,40,000 12,00,000 6,12,000 8,60,000 13,20,000 9,20,000 9,20,000 9,20,000 93,52,000 Total managerial remuneration (A+B) 12,90,56,489 Overall ceiling as per the Act 46,17,87,700 4.6.3 Remuneration to the Key Managerial Personnel other than the Managing Director | the Manager | the Whole-time Director ( ` ) No. Particulars Key Managerial Personnel CS L P Patni 01. Gross salary Salary as per provisions contained under Section 17(1) of the Income-tax Act, 1961 50,47,480 Value of perquisites under Section 17(2) of the Income-tax Act, 1961 4,92,544 Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 – 02. Stock option – 03. Sweat Equity – 04. Commission – 05. Others – Total 55,40,024 4.7 Penalties | Punishment | Compounding of offences There were no penalties | punishment | compounding of offences for the year ending March 31, 2017.