Arohan Annual Report FY 20-21

of the Board and review the evaluation’s implementation and compliance and plans for Leadership development, and also develop and maintain corporate governance policies applicable to the Company. The Committee also reviews the candidature of the Directors and ensures that they are fit and proper as per the guidelines of RBI and Companies Act, 2013. Remuneration Policy: Nomination and Remuneration Committee of the Company also determines the sitting fees to be paid to the independent non-executive directors of the Company. In case the Company determines the use of services of the Directors for specific assignments then the Company would compensate the directors additionally for their professional services and such compensation would be determined by the Board after being recommended by the Committee. The compensation payable to the Independent Directors is as decided by the Board, the sum of which does not exceed 1% of the net profits for the year, calculated as per the provisions of the Companies Act, 2013. Composition: • Ms. Matangi Gowrishankar, Chairperson • Mr. Rajat Mohan Nag, Member • Mr. Sumantra Banerjee, Member • Mr. Piyush Goenka, Member • Mr. Vineet Chandra Rai, Member As on March 31, 2021 the Committee comprised of three (3) Independent Directors, one (1) Nominee Director and one (1) Promoter Director. The Chief Financial Officer and the Head of HR, Admin, Training & CSR is the permanent invitee to the meetings of the Committee. The other directors are invited to attend the Corporate Social Responsibility Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. The Committee met five (5) times during the year on June 26, 2020, August 11, 2020, November 11, 2020, February 04, 2021 and March 04, 2021. Attendance of Directors: Name of the Member Position No. of Meetings Held No. of Meetings Attended Ms. Matangi Gowrishankar Independent Director 5 5 Mr. Sumantra Banerjee Independent Director 5 5 Mr. Rajat Mohan Nag Independent Director 5 5 Mr. Piyush Goenka Nominee Director 5 5 Mr. Vineet Chandra Rai Director 5 5 5. Share Transfer and Securities Allotment Committee The Share Transfer and Securities Allotment Committee of the Board is responsible for ensuring that the shares allotment and transfer of the company should be fit and proper as per the guidelines of Companies Act, 2013. Composition: • Mr. Manoj Kumar Narayan Nambiar, Chairperson • Mr. Anurag Agrawal, Member • Mr. Vineet Chandra Rai, Member • Mr. Piyush Goenka, Member As on March 31, 2021 the Committee comprised of Managing Director, one (1) Nominee Director and two (2) Promoter Directors. The Chief Financial Officer is the permanent invitee to the meetings of the Committee. The other directors are invited to attend the Share Transfer and Securities Allotment Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. The Committee meet Twelve (12) times during the year on June 19, 2020, July 10, 2020, July 17, 2020, July 29, 2020, August 11, 2020, August 12, 2020, September 24, 2020, November 03,2020, November 19, 2020, December 14,2020, February 11, 2021 and March 30,2021. Board of Director’s Report 107