Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 4.6 Remuneration of the Directors and the Key Managerial Personnel 4.6.1 Remuneration to the Managing Director, the Whole-time Directors and | or the Manager ( ` ) No. Particulars T T P Shaheel 1 P N Ogale 2 Total amount 1 Gross salary Salary as per provisions under Section 17(1) of the Income-tax Act, 1961 2,77,989 3,16,223 5,94,212 Value of perquisites under Section 17(2) of the Income-tax Act, 1961 – – – Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 – – – 2 Stock option – – – 3 Sweat Equity – – – 4 Commission for 2015-16 – – – 5 Others – – – 6 Total 2,77,989 3,16,223 5,94,212 7 Ceiling as per the Act 30,00,000 1 Up to July 11, 2015 | 2 Effective July 12, 2015 4.6.2 Remuneration to the other Directors ( ` ) No. Particulars S A Shah A R Jadeja S Mahalakshmi Total amount 1 Non-executive Independent Directors Fee for attending the Board | the Committee meetings 1,50,000 1,80,000 1,50,000 5,10,000 Commission - - - - Total (1) 1,50,000 1,80,000 1,50,000 5,10,000 2 Non-executive Non-independent Directors Fee for attending the Board | the Committee meetings - - - - Commission - - - - Total (2) - - - - Total (1+2) 1,50,000 1,80,000 1,50,000 5,10,000 Total managerial remuneration 1,50,000 1,80,000 1,50,000 5,10,000 Overall ceiling as per the Act 30,00,000