RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

a. Basic Salary: Rs. 27,000/- per month with suitable increases as determined by the
Board.
b. HRA: Rs. 13,000/- per month with suitable increases as determined by the Board.
c. Special Allowance: Rs. 2,500/- per month with suitable increases as determined by the
Board.
d. Perquisites:
In addition to the above Mr. Rajesh Kumar Malik will be entitled to the following
perquisites restricted to an amount to be decided by the Board of Directors. Unless the
context otherwise requires, the perquisites are classified as follows:
i. Gratuity not exceeding half month’s salary for each completed year of service
subject to a ceiling of Rs 10 lakhs.
ii. Bonus as per Company’s rules and regulations.
iii. Provision of car with driver for use of company’s business and for private
purpose.
iv. Telephone facility for use of company’s business purpose.
v. Earned /Privilege Leave:
vi. One month’s leave with full pay and allowances for every 11 months of service
subject to the condition that leave accumulated but not availed of will not be
allowed to be encashed.
If at any time the Director ceases to be the Director of the company for any cause
whatsoever, he shall cease to be the Whole-Time Director of the Company.
iv. Mr. Rameshwar Dayal Aggarwal, Whole Time Director
Mr. Rameshwar Dayal Aggarwal was appointed as a Whole Time Director w.e.f December 1,
2006 in the Extra-Ordinary General Meeting of the Shareholders held on December 29, 2006
for a period to be determined by liable to retire by rotation. The Board of Directors of the
Company at their meeting held on 03.10.2008 revised the remuneration of Mr. Rameshwar
Dayal Aggarwal, Whole Time Director of the Company w.e.f October 1, 2008 which was
approved by the Shareholders at the Extra Ordinary General Meeting of the Company held
on 30.10.2008.
Mr. Rameshwar Dayal Aggarwal, Whole Time Director, is to be paid the following
remuneration w.e.f October 1, 2008 :
a. Basic Salary: Rs. 24,400/- per month with suitable increases as determined by the
Board.
b. HRA: Rs. 15,000/- per month with suitable increases as determined by the Board.
c. Conveyance Allowance: Rs. 3,000/- per month with suitable increases as determined
by the Board.
d. Perquisites:
In addition to the above Mr. Rameshwar Dayal Aggarwal will be entitled to the following
perquisites restricted to an amount to be decided by the Board of Directors. Unless the
context otherwise requires, the perquisites are classified as follows:
i. Gratuity not exceeding half month’s salary for each completed year of service
subject to a ceiling of Rs 10 lakhs.
ii. Bonus as per Company’s rules and regulations.
iii. Provision of car with driver for use of company’s business and for private purpose.
iv. Telephone facility for use of company’s business purpose.
v. Earned /Privilege Leave:
One month’s leave with full pay and allowances for every 11 months of service
subject to the condition that leave accumulated but not availed of will not be allowed
to be encashed.
If at any time the Director ceases to be the Director of the company for any cause
whatsoever, he shall cease to be the Whole-Time Director of the Company.
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