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3.3.3 Meetings and Attendance
During the year three meetings were held:
Number
Name
Total
Attended
1
Mr R A Shah
3
3
2
Dr S S Baijal
3
3
3
Mr S M Datta
3
3
4
Mr S S Lalbhai
3
3
5
Mr B S Mehta
3
3
The Board notes the minutes of the Investment Committee meetings.
3.4 Remuneration Committee
3.4.1 Role
i)
Determining on behalf of the Board and the Members, policy of the Company, on specific remuneration packages
for the Chairman & Managing Director, the Managing Director and Executive Directors.
ii) Determining the remuneration of the Executive Directors based on individual performance, qualifications,
experience, the Company performance and comparable industry practices, among others.
3.4.2 Composition
The Committee comprises three Members. All the Members are Non-executive and Independent Directors.
Number
Name
Designation
1
Mr H S Shah
Chairman
2
Mr G S Patel
Member
3
Dr S S Baijal
Member
3.4.3 Meetings and Attendance
During the year one meeting was held:
Number
Name
Total
Attended
1
Mr H S Shah
1
1
2
Mr G S Patel
1
1
3
Dr S S Baijal
1
1
The Board notes the minutes of the Remuneration Committee meetings.
4.
Subsidiary Companies Registered in India
As on March 31, 2012, the Company had two wholly-owned non-material Indian unlisted subsidiary companies, namely,
Ameer Trading Corporation Ltd and Atul Bioscience Ltd, and another Indian unlisted joint venture subsidiary company,
namely, Atul Rajasthan Date Palms Ltd. The financial statements were reviewed by the Audit Committee | Board. The
minutes of the meetings of all the subsidiary companies are placed before the Board.
5.
Company Policies
5.1 Compliance
Compliance certificates confirming the due compliance with the statutory requirements are placed at the Board Meeting
for review by the Directors. A system of ensuring material compliance with the laws, orders, regulations and other legal
requirements concerning the business and affairs of the Company is in place. Instances of non-compliance, if any, are
also separately reported to the Board and subsequently rectified.