Amal Ltd 2013-14

Amal Ltd | Annual Report 2013-14 Membership in committees of other companies Chairman of Committee: Bhishma Realty Ltd - Remuneration Committee Hindoostan Mills Ltd - Audit Committee Key Note Corporate Services Ltd - Audit Committee Reliance Asset Reconstruction Co Ltd - Audit Committee | Remuneration Committee Reliance Media Works Ltd - Audit Committee Members of Committee: Hindoostan Mills Ltd - Remuneration Committee Reliance Media Works Ltd - Remuneration Committee Rudolf Atul Chemicals Ltd - Audit Committee Number of shares held in the Company Nil Mr Shah retires by rotation at the ensuing Annual General Meeting under the erstwhile applicable provisions of Companies Act, 1956. In terms of Section 149 and any other applicable provisions of the Companies Act, 2013, Mr Shah being eligible and offering himself for appointment, is proposed to be appointed as an Independent Director for five consecutive years for a term up to March 31, 2019. A Notice has been received from a Member proposing Mr Shah as a candidate for the office of Director of the Company. In the opinion of the Board, Mr Shah fulfils the conditions specified in the Companies Act, 2013 and the Rules made thereunder for his appointment as an Independent Director of the Company and he is independent of the Management. A copy of the draft letter for appointment of Mr Shah as an Independent Director setting out the terms and conditions would be available for inspection without any fee by the Members at the Registered office of the Company during normal business hours on any working day. Mr Shah does not hold by himself or together with his relatives two percent or more of the total voting power of the Company. The Board considers that his continued association would be of immense benefit to the Company. Accordingly, the Board recommends the Resolution in relation to the appointment of Mr Shah as an Independent Director, for the approval by the Members of the Company. Except Mr Shah, being an appointee, none of the Directors and Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the Resolution set out at Item No 5. This Explanatory Statement may also be regarded as a disclosure under Clause 49 of the Listing Agreements with the Stock Exchanges. Item No 6 Mr Abhay Jadeja is an Independent Director of the Company. Mr Jadeja is also a Member of the Audit Committee of the Board. Name Mr Abhay Jadeja Date of birth December 26, 1982 Brief résumé Mr Abhay Jadeja is a Director of the Company since September 24, 2010. Mr Jadeja is a Partner of Crawford Bayley & Co., a firm of Solicitors and Advocates. His areas of expertise involves litigation and advisory roles for a wide spectrum of legal laws ranging from Drug Legislation, Alternate Dispute Resolution, Trademark, Patent, Copyright, Economic Offence, Company Law, Mergers & Acquisitions, Buy back etc. Mr Jadeja holds a graduate degree in law from the University of Mumbai.