Atul Ltd 2012-13

Atul Ltd | Annual Report 2012-13 3. The remuneration payable to the CMD will be as follows: (a) Basic Salary The current Basic Salary of ` 5XSHHV 6HYHQ ODFV ÀIW\ WKRXVDQG RQO\ SHU PRQWK PD\ EH LQFUHDVHG IURP WLPH WR WLPH E\ WKH 5HPXQHUDWLRQ &RPPLWWHH DW LWV DEVROXWH GLVFUHWLRQ ZLWKLQ WKH FRQWUDFWXDO SHULRG RI ÀYH \HDUV VXEMHFW to a maximum of ` 5XSHHV 7ZHQW\ WZR ODFV ÀIW\ WKRXVDQG RQO\ SHU PRQWK (b) Perquisites | Allowances: i) Housing: 7KH &RPSDQ\ VKDOO SURYLGH IXUQLVKHG DFFRPPRGDWLRQ WR WKH &0' RU SD\ KLP KRXVH UHQW DOORZDQFH RI XSWR RI WKH %DVLF 6DODU\ DV SHU LWV SROLF\ LQ FDVH KH KDV KLV RZQ DFFRPPRGDWLRQ 7KH &RPSDQ\ VKDOO SURYLGH HTXLSPHQW DQG DSSOLDQFHV IXUQLWXUH À[WXUHV DQG IXUQLVKLQJ DW WKH UHVLGHQFH RI WKH &0' DW LWV FRVW ZKLFK VKDOO QRW H[FHHG ` 5 lacs. 7KH &RPSDQ\ VKDOO UHLPEXUVH WKH H[SHQVHV RI JDV HOHFWULFLW\ ZDWHU HWF ZKRVH YDOXH LQ DFFRUGDQFH ZLWK WKH ,QFRPH 7D[ 5XOHV VKDOO QRW H[FHHG RI WKH %DVLF 6DODU\ LL 0HGLFDO UHLPEXUVHPHQW 7KH &RPSDQ\ VKDOO UHLPEXUVH WKH PHGLFDO H[SHQVHV LQFXUUHG E\ WKH &0' IRU VHOI DQG IDPLO\ iii) Leave Travel Concession: 7KH &RPSDQ\ VKDOO SURYLGH OHDYH WUDYHO IDUH IRU WKH &0' DQG KLV IDPLO\ RQFH LQ D \HDU DV SHU LWV SROLF\ LY 3HUVRQDO $FFLGHQW ,QVXUDQFH 7KH &RPSDQ\ VKDOO SD\ 3HUVRQDO $FFLGHQW ,QVXUDQFH XS WR ` 35,000/- per annum. v) Club fees: The Company shall reimburse annual fees for a maximum of two clubs. vi) Car: 7KH &RPSDQ\ VKDOO SURYLGH D FDU ZLWK GULYHU WR WKH &0' DW LWV HQWLUH FRVW DQG FKDUJH KLP IRU SHUVRQDO XVH YLL &RPPXQLFDWLRQ GHYLFHV 7KH &RPSDQ\ VKDOO SURYLGH ODQGOLQH WHOHSKRQHV DW WKH UHVLGHQFH RI DQG RWKHU FRPPXQFDWLRQ GHYLFHV WR WKH &0' DW LWV HQWLUH FRVW DQG ELOO KLP IRU SHUVRQDO ORQJ GLVWDQFH FDOOV F 5HWLUHPHQW EHQHÀWV L 7KH &RPSDQ\ VKDOO FRQWULEXWH WRZDUGV 3URYLGHQW )XQG _ 6XSHUDQQXDWLRQ )XQG _ $QQXLW\ )XQG SURYLGHG WKDW VXFK FRQWULEXWLRQV HLWKHU VLQJO\ RU SXW WRJHWKHU VKDOO QRW H[FHHG WKH WD[ IUHH OLPLW SUHVFULEHG XQGHU WKH ,QFRPH Tax Act. LL 7KH &RPSDQ\ VKDOO SD\ *UDWXLW\ DV SHU LWV SROLF\ 7KH SHULRG ZRUNHG XQGHU WKLV FRQWUDFW ZLOO EH LQ FRQWLQXXP RI WKH VHUYLFH DOUHDG\ FRQVLGHUHG XQGHU WKH SROLF\ 7KH &RPSDQ\ VKDOO JUDQW RQ IXOO SD\ DQG DOORZDQFHV OHDYH QRW H[FHHGLQJ RQH PRQWK IRU HYHU\ HOHYHQ PRQWKV RI VHUYLFH DQG ZLOO DOORZ HQFDVKPHQW RI DFFXPXODWHG OHDYH QRW DYDLOHG DV SHU LWV SROLF\ G &RPPLVVLRQ 7KH &0' VKDOO EH HQWLWOHG WR FRPPLVVLRQ DW WKH UDWH RI RI QHW SURÀWV RI WKH &RPSDQ\ SURYLGHG WKDW LW VKDOO QRW H[FHHG IRUW\ HLJKW PRQWKV· %DVLF 6DODU\ DV UHIHUUHG WR LQ &ODXVH D DERYH :KHQ SD\DEOH IRU SDUW RI WKH ÀQDQFLDO \HDU WKH FRPPLVVLRQ VKDOO EH SDLG RQ SUR UDWD EDVLV 7KH &0' VKDOO QRW EH HQWLWOHG WR VLWWLQJ IHHV IRU DWWHQGLQJ PHHWLQJV RI WKH %RDUG DQG _ RU &RPPLWWHHV WKHUHRI +H VKDOO KRZHYHU EH UHLPEXUVHG WKH DFWXDO WUDYHOOLQJ ORGJLQJ DQG ERDUGLQJ H[SHQVHV LQFXUUHG E\ KLP IRU DWWHQGLQJ PHHWLQJV RI WKH %RDUG DQG _ RU &RPPLWWHHV WKHUHRI