Terms and conditions of appointment
a) Appointment of Shri Akhilesh Jain on GAIL’s Board will be governed as per Ministry of Petroleum & Natural Gas (MoP&NG), Government of India letter bearing no. CA-31033/2/2021-PNG (39069) dated 08.11.2021., appointing him as non-official part-time (Independent) Director for a period for period of 3 years from the date of notification of their appointment, or until further orders, whichever is earlier.
b) Appointment of Shri Sher Singh on on GAIL’s Board will be governed as per Ministry of Petroleum & Natural Gas (MoP&NG), Government of India letter bearing no. CA-31033/2/2021-PNG (39069) dated 08.11.2021., appointing him as non-official part-time (Independent) Director for a period for period of 3 years from the date of notification of their appointment, or until further orders, whichever is earlier.
c) Appointment of Shri Sanjay Kashyap on GAIL’s Board will be governed as per Ministry of Petroleum & Natural Gas (MoP&NG), Government of India letter bearing no. CA-31033/2/2021-PNG (39069) dated 08.11.2021., appointing him as non-official part-time (Independent) Director for a period for period of 3 years from the date of notification of their appointment, or until further orders, whichever is earlier.
d) Appointment of Dr. Nandhagopal Narayanasamy on GAIL’s Board will be governed as per Ministry of Petroleum & Natural Gas (MoP&NG), Government of India letter bearing no. CA-31033/2/2021-PNG (39069) dated 08.11.2021., appointing him as non-official part-time (Independent) Director for a period for period of 3 years from the date of notification of their appointment, or until further orders, whichever is earlier.
e) Appointment of Prof. Ravikant Kohle on GAIL’s Board will be governed as per Ministry of Petroleum & Natural Gas (MoP&NG), Government of India letter bearing no. CA-31033/2/2021-PNG (39069) dated 08.11.2021., appointing him as non-official part-time (Independent) Director for a period for period of 3 years from the date of notification of their appointment, or until further orders, whichever is earlier.
f) Appointment of Smt. Kangabam Inaocha Devi on GAIL’s Board will be governed as per Ministry of Petroleum & Natural Gas (MoP&NG), Government of India letter bearing no. CA-31033/2/2021-PNG (39069) dated 08.11.2021., appointing her as non-official part-time (Independent) Director for a period for period of 3 years from the date of notification of their appointment, or until further orders, whichever is earlier.
Independent Directors are presently paid Sitting fee of Rs. 40,000/- and Rs. 30,000/- for attending each meeting of the Board and Committee respectively and no profit related commission is paid or stock option allowed.