Atul Ltd 2017-18

59 3.1.2 Composition The Committee comprises the following Members, all having relevant experience in financial matters: No. Name Designation 01. S S Baijal Chairman 02. B S Mehta Member 03. V S Rangan Member 04. B R Arora 1 Member 1 Effective January 19, 2018 3.1.3 Meetings and attendance During 2017-18, 4 meetings were held. No. Name Total Attended 01. S S Baijal 4 4 02. B S Mehta 4 4 03. V S Rangan 4 4 04. B R Arora 1 – – 1 Effective January 19, 2018 The Statutory Auditors, the Cost Auditors, the Chairman and Managing Director, the Whole-time Director and CFO, the Company Secretary, the heads of Finance, Accounts, Costing and Internal Audit are permanent invitees to the meetings. The Board notes the Minutes of the Audit Committee meetings. 3.2 Nomination and Remuneration Committee 3.2.1 Role i) Devising a policy on the Board diversity ii) Formulating criteria for evaluation of the Independent Directors and the Board iii) Formulating criteria for determining qualifications, traits and independence of a Director and recommending to the Board a policy relating to the remuneration for the Directors, Key Managerial Personnel and other employees iv) Identifying persons who are qualified to become Directors and who may be appointed in Senior Management in accordance with the criteria laid down, recommending to the Board their appointment and removal and carrying out evaluation of performance of every Director v) Recommending | Determining remuneration of the Executive Directors as per the Policy 3.2.2 Composition The Committee comprises following Members: No. Name Designation 01. H S Shah Chairman 02. S S Baijal Member 03. R A Shah Member 04. M M Chitale 1 Member 1 Effective January 19, 2018 3.2.3 Meetings and attendance During 2017-18, no meeting was held. The Board notes the Minutes of the Nomination and Remuneration Committee meetings. 3.3 Stakeholders Relationship Committee 3.3.1 Role i) Considering and resolving grievances (including complaints related to non-receipt of the Annual Report, non-receipt of declared dividends and transfer of shares) of security holders (including the Shareholders, debenture holders and other security holders)