Terms and Conditions of Appointment of the Independent Directors

ARIHANT’S SECURITIES LIMITED
Terms and Conditions of Appointment of the Independent Directors

1.The Company has following two Independent Directors:

A.Narendra BBhatt-Reappointed for second term comprising of five consecutive years with effect from 30^th September 2019.

B.Mohana- Reappointed for second term comprising of five consecutive years with effect from 30^th September 2020

2.Duties: The aforesaid Independent Directors (INDs) shall:

Ensure compliance of the applicable laws including the prescribed Code for INDs under schedule IV of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Provide his expertise and experience in the functioning of the Board and the Committees of the Board with the terms of reference approved by the Board.
Strive to attend all meetings of the Board of Directors and of the Board Committees of which he is a member and also the general meetings of the Company and hold atleast one meeting in a year without the attendance of Non-Independent Directors and members of management.
Maintain independent status and make requisite disclosures as prescribed under the applicable laws. INDs to also maintain confidentiality of information pertaining to the business and affairs of the Company.
Not indulge in any insider trading in the Company’s shares, should not have any direct or indirect interest that conflicts with the interest of the Company, shall not achieve any undue gain or advantage from the Company either to himself or to his relatives, partners or associates.

3.Code of Conduct: INDs shall abide by the Code of Conduct for Members of theBoard and Senior Management as laid down by the Company.

4.Remuneration: INDs shall be paid sitting fees and be entitled to reimbursementof expenses for attending the Meetings of the Board/Committee of Directors and alsoentitled to Profit sharing commission as may be decided by the Board from time to time.