sejal architectural glass limited - Securities and Exchange Board of ...

Payment for car expenses for use of personal car for business and payment of telephone bills at
residence will not be considered as perquisites. Personal long distance calls on telephone shall be
billed by the Company.
2. Leave
Privileged Leave as per the rules of the Company.
Provided that, the total remuneration including commission on net profits and perquisites shall not
exceed the limits specified in Schedule XIII to the Companies Act, 1956, and if the same exceeds
those limits, then the amount of commission on net profits as may be due and payable to the said
Director shall be reduced to such amount so as to limit the remuneration within the limits as
provided by the aforesaid Schedule to the said Act.
If the Company has no profits or its profits are inadequate in any financial year, the salary
determined as payable by the Board, within the aforesaid limits, shall become the minimum
remuneration payable to the said Director, subject however, to the approval of the Central
Government and shareholders or any other relevant authority/(ies), if any.
The Company do execute an Agreement with the said Mr. Mitesh K. Gada, Whole-time Director of the
Company.
Mr. R. Subramanian, Whole Time Director
The remuneration of our whole time director is as per the resolution passed in the Annual General
Meeting held on September 29, 2007. The details of the same are as follows:
I) Salary
Salary Rs.1,00,000/- p.m.
II) Commission
The commission was revised vide the board meeting held on October 31, 2007 and subsequently
approved by the shareholders at the EGM held on November 16, 2007 and was to be restricted to such
amount, as may be decided by the Board of Directors of the Company, after evaluating the
performance of the Company, not exceeding 1% (one per cent) of the net profits of the Company
computed in the manner prescribed under Sections 349 and 350 of the Companies Act, 1956.
III) Perquisites
In addition to salary he will be entitled to perquisites, allowances, benefits, facilities and amenities
(collectively called “perquisites”) as under, as per the policy / Rules of the Company in force or as
may be approved by the Board from time to time.
Category - A
1. Medical Benefits
Reimbursement of medical expenses for self and family in accordance with Income Tax provisions or
as per the Rules of the Company or as per the scheme of the Company.
2. Leave Travel Allowance
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