Amal Ltd 2016-17

13 4.5 Indebtedness Indebtedness of the Company including interest outstanding | accrued, but not due for payment Nil 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 P N Ogale 1 R Kumar 2 Total amount 1 Gross salary Salary as per provisions under Section 17(1) of the Income-tax Act, 1961 3,13,759 24,859 3,38,618 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 – – – Total 3,13,759 24,859 3,38,618 Ceiling as per the Act 30,00,000 1 Up to December 14, 2016 | 2 Effective March 24, 2017 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 1,30,000 1,90,000 1,60,000 4,80,000 Commission - - - - Total (1) 1,30,000 1,90,000 1,60,000 4,80,000