Alchemist Asset Reconstruction Company Limited

Nomination and Remuneration Committee

The objectives of the Nomination and remuneration committee are as follows:

Identifying persons to be appointed as directors or in the senior management according to the criteria laid down, and make recommendations to the Board for their appointment and removal.
Evaluating the performance of directors and Key Management Personnel.
Formulating the criteria for determining qualifications, attributes and independence of a director
To recommend to the board a policy, relating to the remuneration of the directors, Key Managerial Personnel and other employees.
To carry out any other function as is mandated by the Board from time to time and / or enforced by any statutory notification, amendment or modification, as may be applicable.