Atul Annual report 2017-18

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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 Arora1 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 Arora1 – –
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 Chitale1 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)