Atul Ltd 2020-21

57 Corporate Overview 01 - 21 Statutory Report 22 - 87 Financial Statements 88 - 229 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 | Senior Management Personnel as per the policy 3.2.2 Composition The Committee comprises the following Members: No. Name Designation 1. M M Chitale Chairman 2. R A Shah Member 3. B R Arora Member 3.2.3 Meetings and attendance During 2020-21, one meeting was held. No. Name Total Attended 1. M M Chitale 1 1 2. R A Shah 1 1 3. B R Arora 1 1 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 annual report, non-receipt of declared dividends and transfer of shares) of security holders (including the shareholders, debenture holders and other security holders) ii) Resolving the grievances of the security holders related to general meetings, issue of new | duplicate certificates, non-receipt of annual report, non-receipt of declared dividends and transfer | transmission of shares, etc iii) Reviewing any other related matter, which the Committee may deem fit in the circumstances of the case, including the following: • Adherence to the service standards in respect to various services being rendered by the Registrar and Share Transfer Agent • Change of name(s) of the Members on share certificates • Consolidation of share certificates • Deletion of name(s) of guardian(s) • Deletion of name(s) from share certificates • Dematerialisation of shares • Issue of duplicate share certificates • Measures taken for effective exercise of voting rights by the shareholder(s) • Measures and initiatives taken for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants | annual reports | statutory notices by the shareholder(s) of the Company