XI-1

HAVE YOU DISCLOSED PARTICULARS OF OFFICIALS DRAWING RS.12,000 OR MORE PER MONTH IN YOUR DIRECTORS’ REPORT AND ALSO ABOUT CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION ETC.

1. If you are issuing the Board’s Report to be attached to the balance sheet to be laid before the company in the next Annual General Meeting, make sure that it incorporates a statement showing the name of every employee of the company who:--

a) If employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was not less than one lakh forty four thousand rupees; or

b) If employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in the aggregate, was not less than twelve thousand rupees per month.

2. In addition to the names of the employees as per item 1 above, the report shall also contain the following particulars:--

a) Designation of the employee;

b) Remuneration received;

c) Nature of employment, whether contractual or otherwise;

d) Other terms and conditions;

e) Nature of duties of the employee;

f) Qualification and experience of the employee;

g) Date of commencement of employment;

h) The age of such employee;

i) The last employment held by such employee before joining the company;

j) If employed throughout the financial year or part thereof, was in receipt of remuneration in that year which in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the managing director or whole time director or manager and holds by himself or along with his spouse and dependent children not being less than two per cent of the equity shares of the company.

3. In addition to the above particulars, the report shall also indicate whether such employee is a relative of any director or manager of the company, and if so, the name of such director.

4. The report shall also include statement with respect to the conservation of energy, technology absorption, foreign exchange earnings and outgo in such manner as is given in the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 vide topic 241.