sejal architectural glass limited - Securities and Exchange Board of ...
sejal architectural glass limited - Securities and Exchange Board of ...
sejal architectural glass limited - Securities and Exchange Board of ...
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Leave travel concession for self <strong>and</strong> family in accordance with Income tax provisions or as per the<br />
Rules <strong>of</strong> the Company or as per the scheme <strong>of</strong> the Company.<br />
3. Club Fees<br />
Fees <strong>of</strong> one Club. This will not include admission <strong>and</strong> life membership fees.<br />
Category - B<br />
1. Provident Fund<br />
The Company’s Contribution to Provident Fund as per the scheme <strong>of</strong> the Company.<br />
2. Gratuity<br />
As per the statutory provisions <strong>of</strong> the Gratuity Act.<br />
Category - C<br />
1. Car <strong>and</strong> Telephone<br />
Payment for car expenses for use <strong>of</strong> personal car for business <strong>and</strong> payment <strong>of</strong> telephone bills at<br />
residence will not be considered as perquisites. Personal long distance calls on telephone shall be<br />
billed by the Company.<br />
2. Leave<br />
Privileged Leave as per the rules <strong>of</strong> the Company.<br />
Provided that the total remuneration including commission on net pr<strong>of</strong>its <strong>and</strong> perquisites shall not<br />
exceed the limits specified in Schedule XIII to the Companies Act, 1956, <strong>and</strong> if the same exceeds<br />
those limits, then the amount <strong>of</strong> commission on net pr<strong>of</strong>its as may be due <strong>and</strong> payable to the said<br />
Director shall be reduced to such amount so as to limit the remuneration within the limits as<br />
provided by the aforesaid Schedule to the said Act.<br />
If the Company has no pr<strong>of</strong>its or its pr<strong>of</strong>its are inadequate in any financial year, the salary<br />
determined as payable by the <strong>Board</strong>, within the aforesaid limits, shall become the minimum<br />
remuneration payable to the said Director, subject however, to the approval <strong>of</strong> the Central<br />
Government <strong>and</strong> shareholders or any other relevant authority/(ies), if any.<br />
The Company do execute an Agreement with the said Mr. R. Subramanian, Whole-time Director <strong>of</strong><br />
the Company.<br />
Mr. Ashish D. Karia, Whole Time Director<br />
The remuneration <strong>of</strong> our whole time director is as per the resolution passed in the Annual General<br />
Meeting held on September 29, 2007. The details <strong>of</strong> the same are as follows:<br />
I) Salary<br />
Salary Rs.1,00,000/- p.m.<br />
II) Commission<br />
The commission was revised vide the board meeting held on October 31, 2007 <strong>and</strong> subsequently<br />
approved by the shareholders at the EGM held on November 16, 2007 <strong>and</strong> was to be restricted to such<br />
amount, as may be decided by the <strong>Board</strong> <strong>of</strong> Directors <strong>of</strong> the Company, after evaluating the<br />
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