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Atul Ltd | Annual Report 2015-16
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
CEO
CS
CFO
*
Total
S S Lalbhai
L P Patni
T R Gopi Kannan
1 Gross salary
Salary as per provisions contained under
Section 17(1) of the Income-tax Act, 1961
NA
43,92,021
1,40,99,945 1,84,91,966
Value of perquisites under Section 17(2)
of the Income-tax Act, 1961
NA
4,82,384
39,600
5,21,984
Profits in lieu of salary under Section 17(3)
of the Income-tax Act, 1961
NA
–
–
–
2 Stock option
NA
–
–
–
3 Sweat Equity
NA
–
–
–
4 Commission
NA
–
–
–
5 Others
NA
–
–
–
Total
NA
48,74,405
1,41,39,545 1,90,13,950
*Mr T R Gopi Kannan is paid remuneration as Whole-time Director and CFO
NA: Not Applicable
4.7 Penalties | Punishment | Compounding of offences
There were no penalties | punishment | compounding of offences for the year ending March 31, 2016.
5. Secretarial Audit Report
Form number MR – 3
Secretarial Audit Report
For the financial year ended on March 31, 2016
{Pursuant to Section 204 (1) of the Companies Act, 2013 and Rule number 9 of
The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014}
The Members
Atul Ltd
Atul House
G I Patel Marg
Ahmedabad 380014, Gujarat
India
I have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate
practices by Atul Ltd (hereinafter called the Company). The Secretarial Audit was conducted in a manner that provided me a
reasonable basis for evaluating the corporate conducts | statutory compliances and expressing my opinion thereon.
Based on my verification of the books, papers, Minute books, forms and returns filed and other records maintained by the
Company and also the information provided by the Company, its officers, agents and authorised representatives during the
conduct of the Secretarial Audit, I hereby report that in my opinion, the Company has, during the audit period covering the
financial year ended on March 31, 2016 complied with the statutory provisions listed hereunder and also that the Company has
proper board-processes and compliance mechanism in place to the extent, in the manner and subject to the reporting made
hereinafter:
I have examined the books, papers, Minute books, forms and returns filed and other records maintained by the Company as per
Annexure I for the financial year ended on March 31, 2016 according to the provisions of:
i.
The Companies Act, 2013 (Act) and the rules made thereunder;
ii. The Securities Contracts (Regulation) Act, 1956 and the rules made thereunder;
iii. The Depositories Act, 1996 and the regulations and bye-laws framed thereunder;
iv. Foreign Exchange Management Act, 1999 and the Rules and regulations made thereunder to the extent of foreign direct
investment, overseas direct investment and external commercial borrowings;