| |
Sl.
No. |
Name of the Directors |
Sitting fees paid for |
Commission for
the
financial
year
2008-09
paid
in
financial
year
2009-10
|
Board
Meetings
|
Committee
Meetings
|
| (in Rs.) |
(in Rs.) |
(in Rs.) |
| 1 |
Shri B. K. Birla |
1,00,000 |
- |
2,50,000 |
| 2 |
Shri K. G. Maheshwari |
60,000 |
- |
2,50,000 |
| 3 |
Shri B. P. Bajoria |
60,000 |
1,70,000 |
2,50,000 |
| 4 |
Shri P. K. Choksey |
80,000 |
40,000 |
2,50,000 |
| 5 |
Shri A. Ghosh |
1,00,000 |
40,000 |
2,50,000 |
| 6 |
Shri P. K. Mallik |
1,00,000 |
2,20,000 |
2,50,000 |
| 7 |
Smt. Manjushree Khaitan |
80,000 |
- |
2,50,000 |
| 8 |
Shri G. B. Pande* |
60,000 |
10,000 |
2,50,000 |
| 9 |
Shri S. K. Parik** |
- |
- |
- |
| 10. |
Shri Deepak Tandon*** |
- |
- |
- |
| |
Total: |
6,40,000 |
4,80,000 |
20,00,000 |
* Commission & fees paid to the nominating Institution, Life Insurance Corporation of India.
** Notwithstanding Shri Parik, being the Director, drew the remuneration of Rs.78,10,019/- as Sr. President, Finance &
Taxation and Secretary upto 31st December, 2009 during the financial year ended 31st March, 2010.
*** Shri Deepak Tandon received the remuneration of Rs.27,59,365/- for the period 1st January, 2010 to 31st March, 2010
which is subject to approval of shareholders in the ensuing Annual General Meeting. |
|
| Besides the sitting fees & travelling expenses to attend any meeting of the Board or any Committee thereof, the approval of the Shareholders in its meetings held on 30th June, 2005 & 26th June, 2008 enables the Company to pay commission in every financial year to its Directors (to be divided amongst them equally) except Shri S.K. Parik at the rate of 1 per cent of the net profit (restricted to maximum Rs.25 lacs* per annum) of the Company computed in the manner referred to in Section 198/349 of the Companies Act, 1956, for a period of 5 years w.e.f. 1st April, 2005. Shri Deepak Tandon, who was appointed as Additional Director w.e.f. 01.01.2010 is also not entitled to the aforesaid commission. |
