| |
B. |
Perquisites and other amenities payable : |
| |
|
i. |
House Rent Allowance, Company’s contributions towards Provident Fund &
Superannuation Fund, Ex-gratia,
reimbursement of Leave Travel & Medical
expenses for self and family, Leave with full pay and allowances, Gratuity
and Personal accident insurance premium : As per the Rules of the Company ; |
| |
|
ii. |
Cars: Chauffeur driven cars provided and maintained by the Company for the
use
on Company’s business and
interest on Car Loan as per Scheme of the
Company; |
| |
|
iii. |
Fees of the clubs: Subject to the maximum of two clubs; |
| |
|
iv. |
Electricity, Maintenance Charges and communication facility at residence : Actual
charges of electricity and
maintenance charges of Housing Society
with provision
of Telephone, telefax and other modern communication
facilities at residence. |
| |
|
|
| |
C. |
So long as Shri Deepak Tandon functions as Whole-time Director of the
Company, he will not be subject to retirement by
rotation and shall not be paid
any fees for attending the meetings of the Board or any Committee thereof.
However, Shri
Tandon may get the sitting fees paid / payable to other Directors
for attending
meeting of Board of Directors / Committee
of subsidiary(ies),
if any, or companies promoted by the B.K.Birla Group. |
| |
D. |
That the aggregate of the basic Salary, Special Allowance and perquisites and
other amenities in any financial year
shall be within the limits prescribed from
time to time under sections 198, 309 and the other applicable provisions of the
Companies Act, 1956, read with schedule XIII of the said Act as may be for the
time being, be in force,
or otherwise as
may be permissible by law. |
| |
E. |
In the event of loss or inadequacy of profits in any year, the remuneration including
the perquisites and other amenities
as aforestated will be paid to Shri Tandon in
accordance with the applicable provisions of Schedule XIII of the Companies
Act, 1956 and subject to the approval of Central Government wherever required.” |
| To consider and if thought fit, to pass with or without modification(s), the following resolutions as Special Resolutions: |
| 8. |
“RESOLVED that pursuant to Section 314 and the other applicable provisions, if any, of the Companies Act, 1956, consent of the Company be and is hereby accorded to Shri Deepak Tandon, Senior President of Birla Tyres Sections of the Company, who was
appointed as Additional Director under Section 260 of the Companies Act, 1956 and Article 103 of the Articles of Association of
the Company to hold place of profit in the Company as Senior President (Accounts, Finance and Taxation) besides the functions
of the Senior President of Birla Tyres (both Balasore and Haridwar Sections) to draw a basic salary of Rs.3,00,000/- per month
from 01.01.2010 to 31.03.2010 plus all other allowances and benefits as per rules of the Company applicable to the category of
a Senior President subject to the limits u/s.309 read with Schedule XIII of the Act.” |
| |
| 9. |
“RESOLVED that pursuant to the provisions of Section 309 and other applicable provisions of the Companies Act, 1956 and
Article 106 of the Articles of Association of the Company and subject to all other approvals, if any required, the Company be and
is hereby authorized to pay a commission, in addition to the sitting fees for attending the meetings of the Board or Committees
thereof and reimbursement of expenses to attend them as per provisions of law
from time to time, to the Directors of the Company,
who are neither in whole – time employment of the Company nor Managing / Whole-time Director of the Company,
at a rate of 1%
of the net profits of the Company computed in the manner referred
to in section 198(1) of the said Act but not exceeding Rs.50
lac (Rupees fifty lac) to
be divided amongst them equally in every financial year for a period of five years
with effect from 1st April,
2010 subject however further to such limit per annum as may
be decided by the Board in that behalf from time to time.” |
| |
|
|
| |
By Order of the Board
|
Registered Office:
9/1, R. N. Mukherjee Road,
Kolkata -700 001
Dated, the 28th day of April, 2010 |
S. K. Patodia
Secretary
|
|
