Amal Ltd 2013-14

7 2.5 Attendance at the Board meetings and at the AGM Number Name Board meetings AGM on August 02, 2013 Total Attended 1 Mr Sunil Lalbhai 4 4 - 2 Mr Vasudev Koppaka 4 4 Present 3 Mr Gopi Kannan Thirukonda 4 3 Present 4 Mr Naresh Singhal 4 4 Present 5 Mr Sujal Shah 4 3 Present 6 Mr Abhay Jadeja 4 3 Present 2.6 Appointment | Cessation  Appointed: Nil  Resigned: Nil  Ceased: Nil 2.7 Remuneration Number Name Remuneration during the year Sitting fees Salary and perquisites Commission Total ` ` ` ` Chairman 1 Mr Sunil Lalbhai - - - - Managing Director 2 Mr Vasudev Koppaka - 8,80,000 - 8,80,000* Non-executive Director 3 Mr Gopi Kannan Thirukonda - - - - Independent Directors 4 Mr Naresh Singhal 1,20,000 - - 1,20,000 5 Mr Sujal Shah 60,000 - - 60,000 6 Mr Abhay Jadeja 60,000 - - 60,000 Sitting fees constitute fees paid to the Independent Directors for attending the Board and Committee meetings of up to ` 10,000 per meeting. * Represents lower of 10% of the remuneration paid by Atul Ltd to the Managing Director (being an employee of Atul Ltd) or an amount allowable under Section I or Section II of Part II of the Schedule XIII of the Companies Act, 1956. Accordingly, an amount of ` 8,80,000 was paid to Atul Ltd for the year 2013-14. 3. Committees of the Board The Board has constituted the following Committees:  Audit Committee  Remuneration Committee  Share Transfer and Shareholders’ | Investors’ Grievances Committee