Minutes of the First Meeting of the Trustees of Employees Gratuity Fund

Minutes of the First Meeting of the Trustees of ________________________Employees Gratuity Fund held on day……………….. 2014 at ………………….

Present

1.      Mr. ____________

2.      Mr. _____________

3.      Mr_____________

1.         Chairman :

Mr. _________________was unanimously voted as the Chairman.

2.         Trustee Deed:

The Trustee Deed dated 18^th January 2014 executed between _____________________________(the Company) and the Trustee for provision of Gratuity to the employees of __________________________Employees Gratuity Scheme” as placed before the Meeting was perused and voted.

3.         First Trustees:

It was voted that Mr. ___________________________________have accepted the office of the Trustee.

4.         Financial Year:

The Trustee discussed and decided that the Financial Year of the Fund will be from April to March each year and that the first Financial Year shall be from 1^st January 2014 (the date of commencement) to 31^st March 2015.

5.         Group Gratuity Scheme:

The Trustee voted that the Company has approached Life Insurance Corporation of India for taking a Master Policy under Group Gratuity Scheme and would be making deposits with them once the Company’s proposal is accepted by Life Insurance Corporation of India.

6.         The Meeting after discussing various procedural matters terminated with a vote of thanks to the Chairman.

                                                                                                               CHAIRMAN