WWW.THESIS.DISLIB.INFO
FREE ELECTRONIC LIBRARY - Online materials, documents
 
<< HOME
CONTACTS



Pages:     | 1 |   ...   | 37 | 38 || 40 | 41 |   ...   | 47 |

«TABLE OF CONTENTS DEFINITION, TECHNICAL GLOSSARY AND ABBREVIATIONS FORWARD-LOOKING STATEMENTS RISK FACTORS SUMMARY SUMMARY OPERATING AND FINANCIAL ...»

-- [ Page 39 ] --

Fees Payable to Lead Manager The total fees payable to the Lead Manager will be as per the Letter of Engagement dated January 23, 2005, a copy of which is available for inspection at the Head Office of the Company.

Fees Payable to the Registrar to the Offer The fees payable to the Registrar to the Offer will be as per the Memorandum of Understanding dated February 4, 2005 between the Company, and the Registrar a copy of which is available for inspection at the Head Office of the Company.

The Registrar will be reimbursed for all relevant out-of-pocket expenses including cost of stationery, postage, stamp duty, communication expenses. Adequate funds will be provided by JAL to the Registrar to the Offer to enable them to send refund orders or allocation advice by registered post/ speed post. Refund orders up to Rs.1,500 would be sent under certificate of posting.

Underwriting Commission, Brokerage and Selling Commission The underwriting commission, and selling commission for the Offer is as set out in the Syndicate Agreement amongst us, JAL, the BRLMs, Lead Manager and the Syndicate Members.

The Underwriting Commission shall be paid as set out in the Syndicate Agreement based on the Offer Price and the amount underwritten as stated in paragraph “Underwriting Agreement” on page 18 of this Draft Red Herring Prospectus.

Commission and Brokerage on Previous Issues No sum has been paid or is payable as commission or brokerage for subscribing to or procuring or agreeing to procure subscription for any of the Equity Shares of the Company except for an amount of Rs. 81.3 million towards issue expenses (including commission and brokerage) transferred/allocated by JAL in the year 1995 in respect of promoters equity of Rs. 1,750 million raised by JAL in the Rights Issue in 1993 and transferred to the Company.

Previous Rights and Public Issues The Company has not made any rights or public issue since its inception.

Outstanding Debenture or Bond Issues The Company had privately placed Non-convertible Debentures of Rs. 3,000 million with ICICI Bank and IFCI Limited out of which Non-convertible Debentures of Rs.1,500 million subscribed by IFCI Limited have been prepaid with prepayment charges of Rs. 237.8 million. The Company had privately placed Non-convertible Debentures aggregating Rs. 1,740 million with UTI Bank Limited out of a sanctioned amount of Rs. 2,000 million Outstanding Preference Shares As of date, the Company did not have any outstanding preference shares.

Capitalisation of Reserves or Profits The Company has not capitalised its reserves or profits at any time since its inception.

Issues otherwise than for Cash The Company has not issued any Equity shares for consideration other than for cash.

Option to Subscribe The Company has not given any options for any Equity Shares of the Company in the Offer. Equity shares being offered through this Draft Red Herring Prospectus can be applied for in the dematerialised form only.

Purchase of Property There is no property which we have purchased or acquired or propose to purchase or acquire, which is to be paid for wholly or partly out of the proceeds of the present Offer or the purchase or acquisition of which has not been completed

on the date of this Draft Red Herring Prospectus, other than property in respect of which:

• the contracts for the purchase or acquisition were entered into in the ordinary course of the business, and the contracts were not entered into in contemplation of the Offer nor is the Offer contemplated in consequence of the contracts; or

• the amount of the purchase money is not material.

• or the relevant disclosures in this Draft Red Herring Prospectus Except as elsewhere stated in this Draft Red Herring Prospectus, we have not purchased any property in which any of its promoters and/or Directors, have any direct or indirect interest in any payment made thereof.

Remuneration of Managing Director/ Whole-Time Directors Mr. Jaiprakash Gaur, Chairman Mr. Jaiprakash Gaur was re-appointed as Chairman of the Company for a period of five years with effect from January 7, 2005 with substantial powers of Management, by the Board at their meeting held on December 29, 2004 and his appointment was confirmed by the members at their meeting held on January 12, 2005.

Mr. Jaiprakash Gaur has not drawn any remuneration from the Company right from his initial appointment with effect from January 7, 1995 till date.

Mr. J.N. Gaur, Whole-time Director Mr. J.N. Gaur was re-appointed as whole-time director of the Company for a period of five years with effect from October 1, 2000 at a meeting of the Board held on September 28, 2000 the appointment of Mr. J.N. Gaur was confirmed at a meeting of the members of the Company at their meeting held on August 6, 2001 on the following remuneration terms and the conditions.

–  –  –

Rs. 50,000 per month in the pay scale of Rs. 50,000 - Rs. 5,000 - Rs. 75,000 with an annual increment of Rs. 5,000.

(The present basic salary of Mr. J.N. Gaur is Rs. 70,000) ƒ Perquisites Perquisites will include accommodation/ HRA, reimbursement of expenses for gas, electricity, water and furnishing, medical reimbursement, LTC, personal accident insurance, use of car and telephone, contribution to Provident Fund, gratuity, superannuation fund or annuity fund and leave encashment, etc, shall be allowed in addition to salary.





Perquisites shall be restricted to an amount equal to the annual salary or the amount of entitlement in accordance with Schedule XIII of the Companies Act, 1956 as amended from time to time, whichever is less.

Mr. R. K. Narang, Whole-time Director

Mr. R.K. Narang was appointed as an additional director with effect from June 28, 2004. He was appointed as a wholetime director for a period of five years, with effect from June 28, 2004 at a meeting of the Board held on June 28, 2004.

His appointment shall be confirmed at the next meeting of the members of the Company. Further the terms and conditions of his remuneration shall be confirmed at the next annual general meeting of the Company.

–  –  –

Rs. 50,000 per month in the pay scale of Rs. 50,000 - Rs. 5,000 - Rs. 75,000 with an annual increment of Rs. 5,000

• Perquisites Perquisites will include accommodation/ HRA, reimbursement of expenses for gas, electricity, water and furnishing, medical reimbursement, LTC, personal accident insurance, use of car and telephone, contribution to Provident Fund, gratuity, superannuation fund or annuity fund and leave encashment, etc, shall be allowed in addition to salary.

Perquisites shall be restricted to an amount equal to the annual salary or the amount of entitlement in accordance with Schedule XIII of the Companies Act, 1956 as amended from time to time, whichever is less.

Remuneration of the other Part-time/Non-Executive Directors Mr. Sarat Kumar Jain Mr. Sarat Kumar Jain was appointed as a part-time director with effect from December 21, 1994 at the first board meeting of the Company held on January 7, 1995 and his appointment was confirmed by a resolution passed at an Extra-Ordinary General Meeting of the Company held on July 5, 1995 and is liable to retire by rotation.

Mr. Sarat Kumar Jain received Rs.17,500 during the Financial Year ended March 31, 2004 and Rs. 5,000 during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board /Committee meetings.

Mr. Manoj Gaur Mr. Manoj Gaur was appointed as a part - time director with effect from December 10, 2002 and his appointment was confirmed by a resolution passed at an annual general meeting of the Company held on September 30, 2003 and is liable to retire by rotation.

Mr. Manoj Gaur received Rs. 5,000 during the Financial Year ended March 31, 2004 and Rs. 5,000 during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board /Committee meetings.

Mr. Sunil Kumar Sharma Mr. Sunil Kumar Sharma was appointed as a part - time director with effect from December 27, 1997 and is liable to retire by rotation.

Mr. Sunil Kumar Sharma received Rs. 10,000 during the Financial Year ended March 31, 2004 and Rs. 7,500 during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board/Committee meetings.

Mr. Gopi K Arora

Mr. Gopi K Arora was appointed as a part - time director with effect from January 7, 1995 by a resolution passed at a Board meeting held on January 7, 1995 and his appointment was confirmed by a resolution passed at the Annual General Meeting of the Company held on June 18, 1996 and is liable to retire by rotation.

Mr. Gopi K Arora received Rs. 17,500 during the Financial Year ended March 31, 2004 and Rs. 12,500 during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board /Committee meetings.

Dr. Ramesh C Vaish Mr. Ramesh C Vaish was appointed as a part - time director with effect from September 21, 2002 and his appointment was confirmed by a resolution passed at an annual general meeting of the Company held on September 30, 2003 and is liable to retire by rotation.

Mr. Ramesh C Vaish has received Rs.10,000 during the Financial Year ended March 31, 2004 and Rs.7,500 during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board /Committee meetings.

Mr. Balkrishan Batra Mr. Balkrishan Batra was appointed as a nominee director of IDBI with effect from February 11, 1994 and his appointment was noted by the Board of Directors by a resolution passed at a meeting held on March 31, 2004 and is not liable to retire by rotation.

An amount of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per meeting is paid to IDBI as sitting fees towards attendance of the Board/Committee meeting by Mr. Batra. Accordingly an amount of Rs. 2,500 was paid to IDBI during the financial year ended March 31, 2004.

Mr. Bal Krishna Gupta Mr. Bal Krishna Gupta was appointed as a nominee director of LIC with effect from December 30, 1993 and his appointment was noted by the Board of Directors by a resolution passed at a meeting held on December 30, 1993 and is not liable to retire by rotation.

An amount of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per meeting is paid to LIC as sitting fees towards attendance of the Board/Committee meeting by Mr. Gupta. Accordingly, an amount of Rs. 2,500 was paid to LIC during the financial year ended March 31, 2004.

Mr. Dattaram Gopal Kadkade

Mr. Dattaram Gopal Kadkade was appointed as a part - time director with effect from February 4, 2000 by a resolution passed at a meeting held on November 1, 1999 of the Company and his appointment was confirmed by a resolution passed at an annual general meeting of the Company held on September 23, 2000 and is not liable to retire by rotation.

Mr. Dattaram Gopal Kadkade is entitled to sitting fees of an amount of Rs. 2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board/Committee meetings by Mr. Kadkade. Mr. Kadkade has received an amount of Rs.

7,500 during the financial year ended March 31, 2004 and Rs.7,500 during current financial year for nine months period ended December 31, 2004, towards sitting fees.

Mr. Bal Krishna Taparia

Mr. Bal Krishna Taparia was appointed as a part - time director with effect from June 28, 2004 by a resolution passed at a board meeting held on June 28, 2004 and is liable to retire by rotation. The appointment of Mr. Taparia shall be confirmed by the members at the next general meeting of the Company.

Mr. Bal Krishna Taparia is entitled to sitting fees at the rate of Rs.2500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board/Committee meeting. Mr. Taparia has received an amount of Rs.7,500 during the current financial year for nine months period ended December 31, 2004, towards sitting fees.

Mr. Narendra Singh

Mr. Narendra Singh was appointed as a part - time Director with effect from June 12, 1995 by a resolution passed at a Board meeting held on June 12, 1995 and his appointment was confirmed by a resolution passed at the Annual General Meeting of the Company held on June 18, 1996 and Mr. Narendra Singh was a whole-time Director from October 1, 1995 to August 15, 1999. At present he is a part-time director and is liable to retire by rotation.

Mr. Narendra Singh received Rs. 10,000 during the Financial Year ended March 31, 2004 and Rs.5,000 during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs.2,500 (increased to Rs. 5,000 with effect from December 29, 2004) per Board /Committee meetings.

Mr. Dharmender Nath Davar

Mr. Dharmender Nath Davar was appointed as a additional director with effect from September 25, 2004 by a resolution passed at a Board meeting held on September 2004. At present he is a part-time additional director and his appointment is subject to re-appointment in the ensuing AGM.

Mr. Dharmendra Davar received Rs. 2500 during the during current financial year for nine months period ended December 31, 2004, towards sitting fees at the rate of Rs.2,500 (increased to Rs. 5,000 with effect from December 29,

2004) per Board meeting.

Mr. Rangilal Gupta Mr. Rangilal Gupta was appointed as a additional director with effect from September 25, 2004 by a resolution passed at a Board meeting held on September 2004. At present he is a part-time additional director and his appointment is subject to re-appointment in the ensuing AGM.



Pages:     | 1 |   ...   | 37 | 38 || 40 | 41 |   ...   | 47 |


Similar works:

«Preparation and Characterization of Noble Metal Single Crystal Electrode Surfaces Ludwig A. Kibler Department of Electrochemistry University of Ulm 89069 Ulm, Germany http://www.uni-ulm.de/echem e-mail: ludwig.kibler@chemie.uni-ulm.de © 2003 by International Society of Electrochemistry. All Rights Reserved. Copyright No part of this booklet may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, microfilming, and recording, or by any...»

«187th Technical Meeting April 27-30, 2015 Hyatt Regency Greenville; Greenville, SC Engage with us and others in our great industry!Join Our LinkedIn Group: Rubber Division, American Chemical Society Follow Us On Twitter: @RubberDivision RUBBER DIVISION, ACS 2015 EXECUTIVE COMMITTEE STEERING COMMITTEE Chair – Terry R. DeLapa, Alpha Technologies US LP Chair-Elect – Leo C. Goss Jr., Rhein Chemie Corp. Treasurer – William M. Stahl, Rainbow Master Mixing, LLC Assistant Treasurer – Paul...»

«PLUMED SERPENT SOUND ARTIFACT AT CHICHEN ITZA’S TEMPLE OF THE WARRIORS: ORIGINAL FEATURE OR ARTIFACT OF RECONSTRUCTION? David Lubman DL Acoustics, Research & Consulting in Acoustics, 14301 Middletown Lane, Westminster, CA 92683 USA In 1998 the author discovered a quetzal sound artifact (chirp) near Temple of Kukulkan (TOK) staircases at Chichen Itza, Mexico. In 2002, a plumed serpent sound artifact (chirp-hiss) was discovered near the Temple of the Warriors (TOW). The sound is heard...»

«STUDENT SUMMER INTERNSHIP TECHNICAL REPORT Study of an Unrefined Humate Solution as a Possible Remediation Method for Groundwater Contamination DOE-FIU SCIENCE & TECHNOLOGY WORKFORCE DEVELOPMENT PROGRAM Date submitted: October 17, 2014 Principal Investigators: Hansell Gonzalez Raymat (DOE Fellow Student) Florida International University Dr. Miles Denham / Dr. Brian Looney, Mentor Savannah River National Laboratory Acknowledgements: Dennis Jackson (SRNL); Kimberly Roberts (SRNL); Maggie Milling...»

«Unquiet Slumber The Blue Fire series, Book 1 By Paulette Miller Edited by Courtney Simpson Unquiet Slumber: The Blue Fire series, Book 1 Copyright © 2012 by Paulette Miller Cover art and illustrations copyright © 2012 by Paulette Miller www.facebook.com/bluefirenovels License Notes This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for...»

«SC-1mk3 Mic Preamp Kit Professional Mic Preamplifier with Input Transformer Option Simplicity Counts, Detail Matters. No part of this document may be reproduced, either mechanically or electronically, posted online on the Internet, in whole or in part, without the expressed, written permission of FiveFish Studios. This document is solely provided to the kit builder of the Mic Preamp Kit. Document Revision 1.8 Last Update: Nov. 10, 2014 Copyright © 2007-2014 FiveFish Studios...»

«Clin. exp. Immunol. (1974) 16, 203-212. THE MECHANISM OF TOLERANCE IN CONTACT HYPERSENSITIVITY TO DINITROCHLOROBENZENE IN GUINEA-PIGS W. J. HALLIDAY AND B. A. J. WALTERS Department of Microbiology, University of Queensland, Brisbane, Australia (Received 26 June 1973) SUMMARY Guinea-pigs made tolerant to dinitrochlorobenzene (by prior intracardiac injection of dinitrobenzene sulphonate) failed to give positive skin reactions after contact sensitization, but nevertheless had peritoneal cells...»

«Prank the pranksters! Playing around with information and fakes in the age of immaterial capitalism Fake releases, fake websites, hoaxes: all these tools can be harmful for the power nowadays, let's learn how to use them Three sections: Theoretical analysis • • Some inspiring actions that took place in the past • Some practical ideas for sending a fake press release/communication In this text we will discuss about: Obstacles for contemporary social struggles, how they connect with the...»

«PHYSICAL MODELING OF AIRFLOW-WALLS INTERACTIONS TO UNDERSTAND THE SLEEP APNEA SYNDROME Y. Payan1, X. Pelorson2 and P. Perrier2 (1) TIMC/GMCAO, Institut Albert Bonniot, UMR CNRS 5525 & Université Joseph Fourier, Domaine de la Merci, 38706 La Tronche Cedex, France. Yohan.Payan@imag.fr (2) Institut de la Communication Parlée, INPG-Univ. Stendhal, UMR CNRS Q5009, 46 Ave. Félix Viallet, F-38031 Grenoble Cedex, France. 1. ABSTRACT Sleep Apnea Syndrome (SAS) is defined as a partial or total closure...»

«April 2008 Curriculum Vitae AVISHAI (AVI) MANDELBAUM Address Office: Home: Faculty of Industrial Engineering & Management 10 Harav Asaf Street Technion—Israel Institute of Technology Haifa 34760 Technion City, Haifa 32000 ISRAEL Telephone: 972-4-8294504 Telephone: 972-4-824-4420 Fax: (972) 4-8295688 email: avim@tx.technion.ac.il Web: http://ie.technion.ac.il/avim Personal I.D. No.: 050508324 Born on January 14, 1951 in Tel-Aviv, Israel. Married to Dorit Mandelbaum, with three children: Orr...»

«ETSI TS 142 017 V4.0.0 (2001-03) Technical Specification Digital cellular telecommunications system (Phase 2+); Subscriber Identity Modules (SIM); Functional characteristics (3GPP TS 42.017 version 4.0.0 Release 4) R GLOBAL SYSTEM FOR MOBILE COMMUNICATIONS 1 ETSI TS 142 017 V4.0.0 (2001-03) 3GPP TS 42.017 version 4.0.0 Release 4 Reference RTS/TSGT-0342017Uv4 Keywords GSM ETSI 650 Route des Lucioles F-06921 Sophia Antipolis Cedex FRANCE Tel.: +33 4 92 94 42 00 Fax: +33 4 93 65 47 16 Siret N°...»

«STRATEGIC AND FINANCIAL MOTIVATION AND INFORMATION SYSTEMS OUTSOURCING SUCCESS A THESIS SUBMITTED TO THE GRADUATE SCHOOL OF INFORMATICS OF THE MIDDLE EAST TECHNICAL UNIVERSITY BY SERDAR YARLIKAŞ IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN THE DEPARTMENT OF INFORMATION SYSTEMS JULY 2007 Approval of the Graduate School of Informatics _ Assoc. Prof. Dr. Nazife Baykal Director I certify that this thesis satisfies all the requirements as a thesis for the degree...»





 
<<  HOME   |    CONTACTS
2017 www.thesis.dislib.info - Online materials, documents

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.