Atul Ltd 2019-20

45 Directors’ Report 4.6.2 Remuneration to the other Directors ( ` ) No. Particulars R A Shah B S Mehta S M Datta V S Rangan M M Chitale S A Panse B R Arora Total amount 1. Non-executive Independent Directors a) Fee for attending the Board, Committee and other meetings - 3,50,000 2,10,000 2,10,000 3,50,000 1,75,000 3,35,000 16,30,000 b) Commission - 16,00,000 12,00,000 9,34,000 15,00,000 11,00,000 18,00,000 81,34,000 Total 1 - 19,50,000 14,10,000 11,44,000 18,50,000 12,75,000 21,35,000 97,64,000 2. Non-executive Non-independent Directors a) Fee for attending the Board, Committee and other meetings 2,45,000 - - - - - - 2,45,000 b) Commission 9,75,000 - - - - - - 9,75,000 Total 2 12,20,000 - - - - - - 12,20,000 Total (B) = (1+2) 12,20,000 19,50,000 14,10,000 11,44,000 18,50,000 12,75,000 21,35,000 1,09,84,000 Total managerial remuneration (A+B) 19,47,40,450 Overall ceiling as per the Act 89,53,67,000 4.6.3 Remuneration to the Key Managerial Personnel other than the Managing Directors and the Whole-time Directors ( ` ) No. Particulars Company Secretary L P Patni 1. Gross salary Salary as per provisions under Section 17(1) of the Income Tax Act, 1961 77,91,046 Value of perquisites under Section 17(2) of the Income Tax Act, 1961 7,52,564 Profits in lieu of salary under Section 17(3) of the Income Tax Act, 1961 - 2. Stock option - 3. Sweat equity - 4. Commission - 5. Others - Total 85,43,610 4.7 Penalties | Punishment | Compounding of offences There were no penalties | punishment | compounding of offences for the year ending March 31, 2020.