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the Ministry which is administratively in-charge of the Company as per its own
evaluation methodology. Further, in line with aforementioned exemptions, Sub-
Sections (2), (3) & (4) of Sec.178 regarding appointment, performance evaluation
and remuneration shall not apply to Directors of Government Companies.

In terms of notication dated 05.07.2017 issued by MCA the provisions in
Schedule IV of the Companies Act, 2013 about reviewing the performance of
Chairperson and Non-Independent Directors and the Board as a whole by the
Independent Directors in their separate meeting and that on the basis of
performance evaluation of Independent Directors, it shall be determined whether
to extend or continue their term of appointment shall not apply to a Government
Company if the requirements in respect of same are specied by the concerned
Ministries or Departments of the Central Government and such requirements are
complied with by the Government Companies. Since the appointment of the all
Directors in the Company is decided by the Government of India, the requirement
related to evaluation of Directors as stated in Schedule IV are not applicable to the
Konkan Railway Corporation Limited.

Konkan Railway Corporation Limited is a Government Company under the
administrative control of Ministry of Railways. The selection procedure for all the
Directors including C&MD is also laid down by the Government of India and all the
Directors including C&MD of the Company have been appointed in accordance
with the said procedure. The functional Directors including C&MD are selected
on the recommendations of PESB in accordance with the procedure and
guidelines laid down by Government of India. Its functional Directors including
C&MD are appointed by Ministry of Railways and there is system and procedure
laid down by Department of Public Enterprises for evaluation of its functional
Directors including C&MD.

The evaluation frame work for assessing the performance of functional Directors
including C&MD comprises of the following Key areas:

• Performance of the Company is undertaken through MOU signed with Ministry of
Railways.

• The evaluation of Directors includes self-evaluation by the respective Directors
and subsequent assessment by C&MD for the functional Directors and thereafter
nal evaluation by the Ministry of Railways, the Administrative Ministry.

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