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2.6 Appointment | cessation during the year
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Appointed: Mr R A Shah was appointed as an Additional Director w.e.f. January 18, 2013.
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Ceased: Nil
2.7 Remuneration
Number Name
Remuneration during the year
Sitting
fees
Salary and
perquisites
Commission
Total
`
`
`
`
Chairman and Managing Director
1
Mr S S Lalbhai
²
95,88,514 1,92,82,070 2,88,70,584
Managing Director
2
Mr S A Lalbhai
²
58,25,909
63,34,176 1,21,60,085
Whole time Director
3
Mr B N Mohanan
²
62,14,330
10,90,000
73,04,330
Independent Directors
4
Mr G S Patel
2,00,000
²
8,32,000
10,32,000
5
'U 6 6 %DLMDO
2,60,000
²
9,36,000
11,96,000
6
Mr B S Mehta
2,60,000
²
8,84,000
11,44,000
7
0U + 6 6KDK
1,20,000
²
5,72,000
6,92,000
8
Mr S M Datta
1,40,000
²
6,24,000
7,64,000
9
Mr V S Rangan
2,00,000
²
7,80,000
9,80,000
10
Mr R A Shah
1,60,000
²
6,24,000
7,84,000
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20,000 per meeting.
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3.
Committees of the Board
The Board has constituted the following Committees:
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Audit Committee
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Investment Committee
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Remuneration Committee
3.1 Audit Committee
3.1.01 Role
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