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Atul Ltd | Annual Report 2011-12
8.
Details of compliance with the mandatory requirements and extent of compliance with
non-mandatory requirements
i)
Compliance with the mandatory requirements
The Company complied with the mandatory requirements of the Code of Corporate Governance as stipulated
under Clause 49 of the Listing Agreement with the Stock Exchanges.
ii)
Extent of compliance with the non-mandatory requirements
The Company complies with the following non-mandatory requirements:
Remuneration Committee set up by the Board
Moving towards unqualified financial statements
9.
Role of the Company Secretary in overall governance process
All the Directors have access to the suggestions and services of the Company Secretary | Secretarial Department in
ensuring an effective functioning of the Board and its Committees. The Company Secretary administers, attends and
prepares minutes of the Board and the Committee proceedings in accordance with the statutory requirements as well
as the norms of Corporate Governance.
10. Certification by CEO and CFO
Mr S S Lalbhai, Chairman & Managing Director and Mr T R Gopi Kannan, President, Finance & Company Secretary, issued
a certificate to the Board as prescribed under sub-clause V of Clause 49 of the Listing Agreement.
The said certificate was placed before the Board at the meeting held on May 15, 2012 in which the accounts for the year
ended March 31, 2012 were considered and approved by the Board.
11. Certification by the Statutory Auditors
Certificate from the Statutory Auditors of the Company, Dalal & Shah, Chartered Accountants, regarding compliance of
conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement is enclosed.
12. Declaration by the Chairman & Managing Director
In accordance with Clause 49 I D of the Listing Agreement with the Stock Exchanges, all the Directors and senior
management personnel have, respectively, affirmed compliance with the Code of Conduct as approved and adopted by
the Board.
For Atul Ltd
Mumbai
Sunil S Lalbhai
May 15, 2012
Chairman & Managing Director