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INDRAPRASTHA GAS LIMITED

INDRAPRASTHA GAS LIMITED

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Item No. 9The shareholders in the Annual General Meeting held on September 12, 2007, had appointed Shri ManmohanSingh as Director (Commercial) of the Company w.e.f. December 1, 2006 for a period of five years on terms &conditions as approved by the shareholders in their meeting.In pursuance of Article 121 A (iii) of the Articles of Association of the Company, Bharat Petroleum CorporationLtd. has extended the tenure of Shri Manmohan Singh upto November 30, 2012. Accordingly, the Board ofDirectors has re-appointed Shri Manmohan Singh as Director (Commercial) from December 1, 2011 to November30, 2012 on terms & conditions including remuneration forwarded by BPCL vide its letter no. CA.JVC.IGL datedJanuary 10, 2012.Major terms & conditions of his re-appointment as Director (Commercial) are as under:I. Shri Manmohan Singh shall have the power of general conduct and management of the businessand affairs of the Company.II.Salary:Shri Manmohan Singh shall draw his salary and benefits as per his service conditions from BPCLand in respect of which all expenses including contribution towards Provident Fund, Pension andGratuity shall be reimbursed to BPCL by the Company as stated more particularly herein under:PARTICULARSRs. / MONTHBasic Pay 75,190DA @ 52% of Basic Pay + SI 40,238Stagnation Increment (SI) 2,190Remote Access Facility 1,950Deputation Allowance 11,279Perks & allowances (50% of Basic Pay + SI) 38,690Retirement Benefits (30% of Basic Pay + SI + DA) 35,285Accommodation : Entitled to Company maintained accommodation or HRA applicable to the Location.Company Car : Car facility by the Company or payment under “Own your car scheme” as per hisentitlement.Other perquisites and benefits: Shri Manmohan Singh is entitled for Performance Related Pay (PRP)and other perquisites / entitlements / benefits as applicable to him in BPCL.The Board of Directors recommend the resolutions set out in item no.9 for your approval.None of the Directors of the Company, except Shri Manmohan Singh himself is considered to be interested inthe resolution.By Order of the BoardPlace : New DelhiDate : June 21, 2012sd/-(S. K. Jain)Company Secretary

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